Every year the HM Revenue and Customs releases a list of the 10 worst excuses that people have given them for filing or paying their tax return late. You can receive a fine for submitting your tax return late, so here at The Women’s Organisation know that, that isn’t what you want to happen. Take a look at some of the frank and bizarre reasons that were told to the HMRC
My pet goldfish died (Self-Employed Builder)
I had a run-in with a cow (Midlands Farmer)
After seeing a volcanic eruption on the news, I couldn’t concentrate on anything else (London Woman)
My husband told me the deadline was March 31st and I believed him (Leicester Hairdresser)
I’ve been far too busy touring the country with my one-man play (Coventry Writer)
My bad back means I can’t go upstairs and that’s where my tax return is (A Working Taxi Driver)
I’ve been cruising round the world in my yacht, and only picking up post when I’m on dry land (South-East Man)
Our Business doesn’t really do anything (Kent Financial Services Firm)
I’ve been too busy submitting my clients’ tax returns (London Accountant)
All of these people received a £100 penalty from HMRC for filing late. They appealed against the decision and used these excuses, but were unsuccessful.
HMRC’s Director General of Personal Tax, Ruth Owen, said:
‘There will always be unforeseen events that mean a taxpayer could not file their tax return on time. However, your pet goldfish passing away isn’t one of them.’
If you want to avoid this unfortunate fine, and making up a strange excuse like these, then it’s important that you know all there is to know about Tax and National Insurance when you are running your business. Which is why, we have opened up our doors to women everywhere with our Understanding Tax and National Insurance course.
Whether you are starting a business, or if you are a woman who has already started your business and feel you would benefit from developing these key skills, you are welcome to book a place. We are heavily subsidising the course to make it as accessible to as many women as we possibly can, and offer the course at the price of just £25 for a half day.
This course will step you through:
How to register with HMRC as a Sole Trader
National Insurance requirements
What expenditure can be claimed as a Business Allowance
How to pay HMRC and the support tools available
How to calculate the amount of tax you may need to pay
This course will:
Help you to ensure you’re up to date with the most current tax requirements
Provide you the information required to submit your own self-assessment
Prevent you getting things wrong when submitting your tax information
Allow you to successfully budget to meet any tax demands
Reduce fear of HMRC and Tax
If you would like to find out when our Understanding Tax and National Insurance Courses are then you can head over to our Events page, follow the link and book via Eventbrite.
Please remember that you may be eligible for a fully funded place on these courses. Please ring us on 0151 706 8111 to find out more!