David Jetuah, Accountancy Age, Monday 18 October 2010 at 14:22:00

Missing the 31 October deadline for 2009/10 paper forms could land latefilers a 100 penalty, the taxman warns


Anyone filing paper self-assessment tax returns only has until the end of themonth to submit the forms to HM Revenue & Customs.

Missing the 31 October deadline for 2009/10 paper returns could land latefilers a 100 penalty, the taxman warned.

Three quarters of the UK's nine million self-assessed taxpayers already fileonline, which allows them three months longer to file their returns with HMRC.

The taxman prefers people to submit online because it cuts down on theresource-intensive process of trawling through paper returns.

"Online filing has other advantages too: your tax is calculatedautomatically; you get an immediate online acknowledgement once you?ve filed;and it?s processed faster, so any money you?re owed is repaid more quickly,"HMRC said.

Paper filers can register for online filing by visitingwww.hmrc.gov.uk/online and clicking ?Register (new users)?, the taxman added.

Help and advice is also available from the HMRC website at www.hmrc.gov.uk/saor from the Self Assessment helpline on 0845 9000 444.

Further reading:

HMRCissues PAYE paper filing warning

HMRCbreaks online filing record