Any higher rate taxpayer who has yet to submit a self-assessment tax return for 2009/10 has just a few weeks left to take advantage of a special amnesty from HMRC.

Under this special arrangement anyone who still needs to submit a self-assessment return for 2009/10 must do so by 2 October in order to take advantage of lower penalties of only 10-20% of the tax due than if HMRC comes to them first.  After 2 October HMRC will charge penalties of up to 100% of the tax due and could even launch a criminal investigation.

HMRC has said that it will consider letting taxpayers spread the payments of the amount they owe if they can’t afford to pay all at once – but only if they come forward first.

If you think you need to complete a tax return then call Katy at Pemberley Accounting Services today on 07810 518812 for your free initial consultation.  Don’t wait for the amnesty to expire and HMRC to come calling on you.