Details

  • Service: Tax, International Corporate Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 1/31/2012

United Kingdom – No late-filing penalties or interest on 2010/11 income tax returns or tax payments submitted by February 2 

January 31:   HM Revenue & Customs announced that no late filing penalties will be imposed for 2010/11 income tax returns filed online on 1 and 2 February 2012, and no interest will be due for payments of tax due on 31 January but made on 1 or 2 February.

This penalty / interest relief is intended for taxpayers who cannot get through to HMRC’s call centres on 31 January 2012 because of planned strike action, but the benefit of this will apply to all taxpayers even if they have not tried to contact these centres.


This relief does not represent an extension of the filing deadline for 2010/11 income tax returns—which remains 31 January 2012.


To read a January 2012 report prepared by the KPMG member firm in the UK, discussing the filing and payment relief, and also addressing value added tax (VAT) proposed regulation and a VAT case: Weekly Tax Matters (January 27)




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The KPMG logo and name are trademarks of KPMG International.


KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


Direct comments, including requests for subscriptions, to go-fmtaxnewsflash@kpmg.com.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

 

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