I will be speaking about this tomorrow on radio, so can I check my facts please.
Applies to:
Self-employed
Directors required to make a return
PAYE employees with non PAYE income
Must have their tax return for 2005 submitted and any balance due paid.
Must pay their preliminary tax for 2006
Must pay their CGT on any gains up to 30 September 2005
Last date for making a pension contribution to claim against 2005 income
Can extend the deadline to 15 November if using ROS.
If they don't make their return on time...
Is the penalty 5% of the tax due for one month, rising to 10% after that?