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Keep taxman sweet

Q Can you advise the best ways to keep on the right side of the taxman?

Accountant Susan Hutter gives some useful pointers:

Green arrow Don’t send your tax return in late

Bowler hatIf you send in your tax return late, you not only will have to pay a penalty of £100 but will bring your case to the attention of HM Revenue and Customs (HMRC) for all the wrong reasons. It also means the tax inspector has longer to challenge the return.

Let’s say for the next tax return you make the deadline of 31 January 2018. Your return would be open to challenge until 31 January 2019. If you are late, HMRC can extend the period it challenges by at least four months. Why be on tenterhooks?

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