So you missed the 31^st January 2013 deadline, maybe, because it was your wedding day, your birthday anniversary, your favourite TV programme was on, the cat ate the tax return or you simply forgot! What next? Well, welcome to the new HMRC penalties regime. Most British tax payers would agree that the present HMRC penalty regime is harsh, stern and disproportionate but they are left with no choice the returns have to be filed on time. Continue reading →