Tax penalties in the post

Monday 23 February 1998 00:02 GMT

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Tax penalties in the post

The Inland Revenue was yesterday preparing to send penalty notices to hundreds of thousands of taxpayers who missed the self-assessment tax deadline.

A total of 810,000 individual taxpayers as well as 70,000 partnerships and 20,000 trusts failed to meet the 31 January deadline.

Most face a fixed pounds 100 fine and those who have not paid their tax are being charged daily interest at 9.5 per cent. Those who have still not paid by the end of February will face a further 5 per cent surcharge.

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