Income Tax Deadline Uk
August 8th, 2008
Question: I can’t afford to pay the income tax I owe for 2006/2007 in the UK. What happens next?
What are the consequences if I can’t pay my taxes – I owe thousands of pounds both from freelance income and as part of a partnership. The deadline was 31 of January 2008 but I did not pay a penny and I don’t think I will be able to pay anytime soon. Can they put me in jail for this? The only asset I have is a private pension but I can’t get it before I turn 55. Will the Tax Office seize it? Please help. Thank you!
Answer: They will work out a payment schedule with you.
UK Government Confirms 10,000 Disclosures Under Tax Amnesty
LONDON -(Dow Jones)- Ten thousand people have disclosed previously undeclared offshore income and gains under the U.K. government’s NDO tax amnesty, meaning revenue authorities can begin collecting unpaid tax, interest and penalties, the U.K. Treasury said Thursday.
HMRC sends scary letters re offshore accounts
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