FOCUS:: Penalities for late filing of tax return

Initial late penalty after due date of 31 Jan (online) is £100

Return > 3 months late, a daily penalty of £10 per day, maximum of 90 days (£90))

Return > 6 months, a 5% of liability to tax is charged (or £300 if greater)

Return > 12 months late, additional 5% of liability to tax is charged (or £300 if greater)

• increased penalties apply if the withholding of information after > 12 months is deliberate or deliberate and concealed.