7pc of Northern Ireland taxpayers filed late tax returns

HM Revenue & Customs has broken down Self Assessment taxpayer by region and finds that taxpayers in Northern Ireland registered 7 per cent of late tax returns, which was the UK national average.

People in London are more likely to miss the tax return deadline than taxpayers in any other part of the UK and the consequences of missing the tax return deadline are the same no matter what region you are in – an automatic £100 late-filing penalty.

The penalties for late Self Assessment returns are:

  • an initial £100 fixed penalty, which applies even if there is no tax to pay, or if the tax due is paid on time;
  • after 3 months, additional daily penalties of £10 per day, up to a maximum of £900;
  • after 6 months, a further penalty of 5 per cent of the tax due or £300, whichever is greater; and
  •  after 12 months, another 5 per cent or £300 charge, whichever is greater.

There are also additional penalties for paying late of 5 per cent of the tax unpaid at: 30 days; 6 months; and 12 months.

Wilson Nesbitt Solicitors based in Belfast, Northern Ireland can assist you with completion of your Self Assessment tax return and help if you have been selected for a tax enquiry. If you need to talk with one of our tax advisors please contact us by calling 0800 840 9288.