Paper tax return deadline has now passed

Individuals and companies that have yet to submit their tax returns have now missed their opportunity to send off paper tax returns and now can only submit the information online.

The deadline for sending off paper tax returns was the 31 October, and the HMRC has said that any paper tax returns sent in after the 1 November will automatically result in a £100 fine, whether there is any additional tax to pay.

The fine is part of a new system of penalties brought in this year to encourage people to send off their returns earlier and not miss deadlines. Taxpayers do still have the ability to file their tax return online on the HMRC’s website until the 31 January 2012.

Using the services of fully qualified accountants Manchester can help businesses ensure that they do not miss any tax return deadlines and end up with any unnecessary additional payments to the taxman.

When looking for business accountancy services, there are a variety of companies that offer these types of services so it is vital to spend time considering all your options to make sure that you use a company that provides everything you could require.

Liptrott and Woosey are accountants Bolton who pride themselves on offering an excellent down to earth service to all their clients. Whether you’re a start up or an established business, Liptrott and Woosey can offer you assistance with all aspects of managing your finances and deal with everything from filing tax returns to payroll to corporate finance.

The dedicated team at Liptrott and Woosey take time to understand the needs of each business and work hard to ensure that your company succeeds and make life at your business much easier. Visit www.liptrottandwoosey.co.uk for more information on the services they offer to businesses, read testimonials from clients and find out more about information about the team.