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Annual
Investment Allowance |
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Please be
aware thet the AIA will be reduced on capital |
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expenditure
from £100k to £25k from the 6 April 2012. |
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So any serious
capital expendtiure needs to be made |
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before the 6
April 2012. |
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New Late
filing Penalties - 31 January 2012 |
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Based on the 5
April 2011 Personal Tax Return |
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One Day late
£100 (even if you have no tax to pay or |
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you've already
paid it) |
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3 Months
late:automatic day penalties of £10 per |
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day up to
£900 |
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6 Months late
- further penalty - greater of 5% |
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of the tax or
£300 |
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12 Months late
- further penalty - 5% of tax |
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due or £300
(this could rise to 100% of the tax) |
