Tax form 11E Late Returns

[derekbhoy]

hi guys , i worked as a taxi driver from april 2007 until april 2008 , as it was part time i realised it was costing me as much to run it, as what i was making and didnt like it anyway. Problem is never filed tax returns for these years , i have recieved forms from the tax office but never returned them , will i be better off getting an accountant or try filing them in or try do it myself. will i incur charges .
thank you in advance

 

[Domo]

Your 2007 return and accounts to 31 December 2007 should have been submitted and any tax liability paid by 31 October 2008.

You will have a surcharge of 10% of the tax outstanding and may be charged interest on late payment of tax.

I would suggest that you get help with your accounts as the capital allowances claims for taxi drivers is not straightforward.

 

[Joe1234]

Under revenue commencemrny rules, the 2007 and 2008 returns are both due on 31 October 2009. Therefore there should be no penalties on the 2007 return. Get an accountant asap.