HMRC to send out 50,000 penalty letters

Half a million people who failed to submit their tax returns for 2010/11 before the deadline will receive penalty letters this week.

The introduction of higher penalties in April 2011 has seemingly acted as an effective deterrent for late submission of returns, which have nearly halved this year. The penalty letters going out contain penalties beginning from £1200, though there is an option to appeal if the person believes they have a reasonable excuse for not submitting their tax return - such as illness or a death in the family.

If you live in Northern Ireland and require advice or assistance in connection with submitting your self assessment income tax returns, or in respect of inheritance tax, capital gains tax, or general tax planning, contact one of the tax advisors at Wilson Nesbitt by calling 0800 840 9288.

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