Have you filed your Tax Return for the year ended 05.04.2011? Which was due by 31.01.2012?
If not then as from 30.04.2012 HMRC will apply penalties of £10 per day for every day your return is left outstanding and will charge for up to 90 days if it remains outstanding. This penalty is in addition to the fixed £100 penalty charged on 01.02.2012.
If you owe tax you will also pay 5% penalty of the total amount of tax outstanding for late payment, but this does not include the payments on account.
Why pay more, Dont delay call us for assistance 015395 36163 or email gemma@bfmsltd.co.uk