No UTR Number (Unique Tax Reference)

If a person has not notified HMRC by 5 October that they have untaxed income or additional tax due for 2010/11 they have a failure to notify offence. This would normally attract a penalty based on the tax outstanding on 31 January 2012, but this can be subject to a reduction for voluntary unprompted disclosure – which if done within 12 months of 5 October can be zero.

If a tax return was issued before 31 October then it must be filed by 31 January 2012 or a penalty is due. If no tax return was issued by that date then the due date is three months after issue and no penalty can apply until after that date – whether filed on paper or online.

Self Asessment Deadline Extended to 2 February

HMRC acted yesterday to defuse administrative problems and taxpayer anger over the call centre strike planned for 31 January by effectively extending the Self Assessment deadline until Thursday 2 February.

In a statement on its website, the department announced, “To make sure our customers are not disadvantaged if they cannot get through to HMRC’s call centres on 31 January, we will not impose any late filing penalties for people who file their Self Assessment returns on 1 and 2 February.”

The SA deadline remains midnight on 31 January. But HMRC will treat all returns that come in by midnight on 2 February as though they were submitted by 31 January. No interest will be charged on payments due on 31 January that are paid on 1 or 2 February.

HMRC PAYE penalty rates and how they will apply

Penalties will be charged on each PAYE reference number (also called a ‘PAYE scheme’) independently. Therefore, if you operate more than one PAYE scheme you need to make sure that amounts due for each individual PAYE scheme reference is paid in full on time.

The rest of this section explains how the penalties apply for different types of payment.

Monthly or quarterly PAYE payments

You will not be charged a penalty if only one PAYE amount is late in a tax year – unless that payment is over six months late.

The amount of the penalty will depend on how much is late and how many times your payments are late in a tax year. So if you pay part of what is due on time then any penalty will only be charged on the part that is late. The table below shows how the penalties are calculated.

Penalty charges for late monthly and quarterly PAYE payments

No. of times payments are late in a tax year	Penalty percentage	Amount to which penalty percentages apply
1	No penalty (as long as the payment is less than six months late)	Total amount that is late in the tax year (ignoring the first late payment in that tax year)
2-4	1%
5-7	2%
8-10	3%
11 or more	4%

 

 

For further information follow the link

http://www.hmrc.gov.uk/paye/problems-inspections/late-payments.htm