#hmrc-penalties

#hmrc-penalties

Filing your Self-Assessment tax return each year is usually considered one of the less enjoyable tasks, particularly for those who are self-employed or need to report additional income. However, it is not only important to file on time to avoid penalties - it is equally essential to ensure accuracy. Many people do not realise that HMRC can issue fines for careless mistakes, alongside interest on unpaid tax, even if errors are accidental. Leaving your return to the last minute also slightly increases the risk of errors and delays.