People may not realise that HMRC issues fines for late tax returns… even if there is a tax refund due.
It’s something that we have seen in the last few years – someone may be due a refund of £1,000 but half of that could be eaten up by late return fines.
Avoiding fines is an easy way to save money, and the costs of getting professional help can be less than the fines for not submitting the return on time.
If you know anyone who would like to avoid fines, and perhaps reduce their tax bill, please do put them in touch.