First penalty for late tax return
The 1st Penalty for Late Tax Return only applies to return years 2009/10 and
earlier.
A first fixed penalty of £100 has been charged because your return was not
received by the date it was .
Please note: Where an individual return is received late and
the overall liability is less than the total penalty charged, the penalty is
capped to the total amount of the liability. For example: A tax return was due
on 31 January 2006 but was received on 12 October 2006.
Therefore the following penalties were charged: Fixed Penalty 1 issued on 28
February 2006 for £100.00 Fixed Penalty 2 issued on 31 July 2006 for £100.00
Total penalties equals £200.00 Overall liability from return equals £71.50
Penalties therefore reduced to £71.50.