February 2011

5% SURCHARGE

A 5% surcharge will apply to any 2009/10 outstanding tax due on 31 January 2011 still remaining unpaid after 28 February 2011.

This applies to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax and Class 4 NI liabilities and any capital gains tax.

The balance of any outstanding income tax, class 4 NI and capital gains tax for the year ended 5 April 2010 was due for payment by 31 January 2011. Where the payment is made late interest will be charged. If the payment is made after 28 February 2011 a surcharge of 5% will be added to the outstanding liability.