For your attention

Below are just a few helpful hints, if you need any further information please give us a call on

Tel: 01423 874777
E-Mail: ctl@cooktrotterltd.co.uk

Are you covered?

HMRC are stepping up their investigations to help fill the government coffers.

Can you cover the cost of an investigation or an aspect enquiry, which could run into thousands?

From as little as £8.99 pm or £69.99 pa we offer cover, so that in the event of an investigation, our services will be free of charge.(upto £75,000)

For more information please contact us on:

Tel:01423 874777
E-mail: ctl@cooktrotterltd.co.uk

The New Penalties

The Taxman has hiked penalty charges by over 550% for late self-assessment returns

• For 2010/11 returns, penalties will be payable where you submit your tax return on paper after 31st October 2011 or online after 31st January 2012.

• If you are late by up to 3 months the penalty is a flat £100 (even if no tax is due).

• For each subsequent day, you will be charged £10 for the next 90 days i.e £900. And if you still haven't sent in your return by 31st July 2012, you have to pay another £300 or 5% of any tax you owe for 2010/11 whichever is the greater.

• This equates to a minimum fine of £1300, Which is 550% more than the £200 penalty payable under the old rule.

Top Tips

• Let us have the information to complete you tax return as soon as possible.

• If you are running against the deadline, it is better to put in estimates than failing to file.

And Remember

If you are consistently late you are more likely to be investigated

Taxpayers Passwords

Instead of robbing banks with a sawn off shotgun it is far easier to steal a taxpayer's password and obtain a fraudulent tax refund - this is a growing crime, please keep your passwords secure.