HMRC issues tax warning
HMRC issues tax warning
A warning has been sent to all consumers who are required to send in a tax return for 2009-10.
In a message, HM Revenue & Customs (HMRC) noted that the deadline for paper tax returns, which was October 31st, has now passed. Therefore, in order to avoid a penalty of 100, all those yet to complete theirs must do so online.
The organisation pointed out that anyone who has not done this before will have to register for online filing by visiting its website. When they go through this process, they will be given a user ID and an activation code, which will be posted to them within seven working days.
Once they have received this information, they will be able to file their returns.
Meanwhile, in a word of advice to those who have used the system before , it added: "Make sure that you have your user ID and password - it can take seven working days to get replacements, so don't leave it to the last minute if you need them."
The deadline for online self-assessments is Monday January 31st.
Meanwhile, those who are unsure how to go about the process can get help and information on the HMRC website.
Of course, there is also help for those who need to use an income tax calculator or another type of tax calculator. Such people can find these resources in various places on the web.
In order to ensure they get their returns right, an income tax calculator or other form of tax calculator can be very helpful.
Consumers are also advised to ensure that they save up enough money to pay the tax when the time comes, otherwise they may find themselves in financial difficulty. Having a designated account to accrue a percentage of cash earned is one way of keeping control over this issue.
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