£368m in penalties for late tax returns

Eric Ninn
Tax return
Tax return

Taxpayers could face a whopping £368m in penalties for filing late online self-assessment forms to the UK tax office this year.

According to a report by professional advice website, unbiased.co.uk, the public gifted an enormous windfall to HMRC's coffers last year by for filing late returns, inputting miscalculations and through surcharges on late payment of tax.