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Deadline looming to notify HMRC you owe it tax

Deadline looming to notify HMRC you owe it tax

Anyone with tax still to pay from the previous financial year must tell HM Revenue & Customs (HMRC) by 5 October or face a £100 penalty.

Specifically, you must tell HMRC you need to file a tax return.

It is estimated more than nine million people have to fill in a tax return for the tax year ending 5 April 2009.

Those who need to act

If you have not previously filled in a tax return, or have not notified HMRC you need to, and:

  • You are self employed.
  • You receive any untaxed income, such as from a second job or investment property.
  • You have received a large increase in income, such as an inheritance. If you save or invest that income you may also need to pay tax on the interest.
  • You have made a profit by selling an asset such as shares, a valuable possession or a property that's not your main home.

Those who do not need to act

  • If you automatically receive a tax return form or have been notified in writing that you will receive one. However, you must, of course, file your return by the stated deadline.
  • Individuals who have all their taxes deducted by their employer do not need to do anything as they are up-to-date.

How to inform HMRC

Specifically, you need to let your assigned tax office know that you need to complete a return. The HMRC website can help you find that office.

Further reading/Key links

Tax rates: 2009/10 income tax guide
Tax credit guide: Tax Credits
Check benefits: Benefits Check-up

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