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Taxation: Self-assessment

Volume 481: debated on Monday 27 October 2008

To ask the Chancellor of the Exchequer what estimate he has made of the loss to the Exchequer caused by late tax returns in the latest period for which figures are available; and if he will make a statement. (227540)

To ask the Chancellor of the Exchequer how much income was received from (a) penalty charges and (b) interest charged to people who did not meet tax return deadlines in each of the last five years.[Official Report, 20 November 2008, Vol. 483, c. 4MC.] (227556)

The following information relates to self-assessment tax returns.

(a) The following penalty charges were charged for the late submission of self-assessment tax returns. The figures relate to each of the tax assessment years rather than the year in which income was received.

Tax year

£ million

2003-04

73.7

2004-05

126.1

2005-06

113.2

2006-07

149.4

2007-08

1

1 Return due:

Paper: 31 October 2008

Online: 31 January 2009.

Information is only available for four tax years. Information prior to 2003-04, can be provided only at disproportionate cost.

(b) Interest is not charged for late submission of a self-assessment tax return; interest is charged on the late payment of any income tax due. While interest charges may arise on a tax liability following late submission of a tax return, this information is not available separately from interest charged generally on income tax liabilities that are paid late.

To ask the Chancellor of the Exchequer what recent representations he has received on his policy of advertising deadlines for tax returns to be made. (227557)

To ask the Chancellor of the Exchequer how much was spent on advertising the need for people to make timely tax returns in each of the last five years; and if he will make a statement. (227558)

Media costs for the Self Assessment campaign for the last five years are as follows:

£

2003-04

5,527,234.00

2004-05

5,462,351.00

2005-06

5,994,946.00

2006-07

3,009,975.00

2007-08

1,928,725.00