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| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
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| HMRC Issues E-Filing Deadline Warning |
by Robert Lee, Tax-News.com, London
Thursday, January 19, 2012
The UK's first-time Self Assessment filers must register for e-filing by the
end of this week or face being unable to send their tax return on time.
Those filing online for the first time must register for the service by Saturday
January 21, to allow enough time for HM Revenue and Customs (HMRC) to post an
Activation Code ahead of the impending tax return deadline. Tax returns for
the 2010/11 tax year must be sent online to HMRC by January 31.
HMRC has issued a reminder to taxpayers to register in time. New fines are
due to come into force, meaning that, even if there is no tax to pay, a late
return will result in a GBP100 (USD154) penalty. The longer the delay, the greater the
fine will become.
If a tax return is three months late, there will be a penalty for each additional
day it is late. A tax return sent in six months late will face another penalty,
with another, final penalty if it's 12 months late. HMRC warns that, together,
these could add up to a penalty of GBP1,600 or more.
As at 8am on January 17, 2012 HMRC had recorded 4,794,984 Self Assessment returns
filed online ahead of the January 31 deadline. The figure compares to 4,206,593
at the same point last year.
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| THE LOWTAX LIBRARY
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