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LATEST NEWS & EVENTS Taxpayers 'could be fined millions for late self-assessment forms'  Taxpayers in the UK could be fined a considerable sum this year for handing their self-assessment forms in late. This is according to advice website Unbiased.co.uk, which suggested that a combined total of £503 million may be shelled out by people for the tardy return of the documents. Last year, over one million forms were handed in after the deadline of January 31st and the organisation predicted that £24 million worth more of fines will be issued in 2010. "Failing to get your online self-assessment form to HM Revenue & Customs by [the end of the month], or filling it out incorrectly, will result in hefty fines which can easily be avoided through careful planning," remarked Unbiased.co.uk chief executive Karen Barrett. She added that, particularly given the tough financial climate, consumers should take action to avoid shelling out on unnecessary fines. Recently, the Low Incomes Tax Reform Group issued a reminder over the tax deadline, pointing out that those who fail to make the cut-off point will be subject to an automatic fee of £100. 
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