5% surcharge on any unpaid income tax comming up
On the 31st July, 6 months after the deadline of 31st January forpayments of personal income tax for the 2007/8 tax year, there is anautomatic surcharge on unpaid tax.
You may have already sufferred the 5% surcharge on unpaid 2007/8income tax on 28th February 2009, this will be your second surcharge onany balance outstanding.
There will also be an interst charge at the current HMRC interest rates.
If you are a client and would like any advice regarding the paymentof income tax please contact your Personal Accountant. If you are notcurrently a client, please feel welcome to book a free initial consultation with me.