HM Revenue & Customs ("HMRC") announced last year details of the new penalty regime for late submission of Self Assessment tax returns.

The new penalties are effective for the tax year 2010-11 and onwards and will affect anyone set up within the Self Assessment regime including individuals, partners of a trading partnership and anyone who resides outside the UK but holds UK property and is required to complete a non resident return.

	To find out more about UK HMRC new penalty regime, download our factsheet by clicking here.

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