Personal Income Tax liabilities for 2013/14 were of course due for payment on 31 January. This note is just to remind clients that if the “balancing payment” due for the tax year 2013-14 remains unpaid at midnight on 2 March, an automatic “late payment penalty” of 5% of the amount in question becomes payable, in addition to any interest chargeable.
If you have any questions please get in touch with your usual BKL personal tax manager.
