Hi Argus7,argus7 wrote:https://www.gov.uk/estimate-self-assessment-penalties
Follow this link and enter the details, and then see, when you enter the tax year and amount of tax you owe and see what figure comes out!
Its appalling that you dont even make the effort to find out how much penalty and interest is to be paid?
Thanks for your reply. I have already checked the abovementioned link and I have stated that in my previous post. No matter which tax year you enter in the calculator nowhere is the £1600/year penalty, you mentioned included. My only concern is how have you come up with a figure of £1600/year in penalties ? Since you are a member of standing other forum members may take what you say seriously. I ask again, do you have any references/links to back what you are saying ?