Paper tax returns received on or after November 1 will result in a £100 penalty – even if there is no tax to pay or the tax due is paid on time.
The deadline to file a tax return on line is January 31.
As well as having an additional three months to file if the online option is taken, the tax is calculated automatically and tax returns are reported to be processed faster, which means any tax refund should also be repaid more quickly.
However, registering for HMRC Online Services requires authentication, so if allow a week to clear this if filing online for the first time.
HMRC recommends that proof of posting is obtained if filing is done via the paper option, as this provides evidence of your posting date in the event of any appeal against a late-filing penalty.
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Susie Hughes © Shout99 2013