News Article - 06 October 2008
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HM Revenue & Customs (HMRC) has attempted to simplify the late submission of paper-based tax returns, by removing automatic fines

Individuals or businesses can now provide a 'reasonable excuse' for the return being late, with the possibility of a business and accounting software failure provided as a possible reason.

A 'reasonable excuse claim' will have to be submitted along with the late tax return.

The Chartered Institute of Taxation (CIOT) has welcomed the move, claiming that the new procedure will lead to many notices being suppressed and so saving time for HMRC.

Tina Riches, technical director, said: "The CIOT have worked with HMRC to ensure a smooth process for tax advisers, the taxpayer and HMRC.

"We are very pleased that they have taken the time to consult with the professional bodies and understood the problems in this transitional year.

"The outcome is a positive result for all concerned."

However, if no reasonable excuse is provided there will be a penalty of up to £100 per individual or partner, for individual and partnership returns respectively, if the return is filed late.

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