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Tax Return Deadline Nears 15 September 2008 The deadline for submitting 2007/08 personal tax returns is now only three weeks away. If the Division has not received personal tax returns for the tax year ended 5 April 2008 by 6 October 2008, a £50 penalty will be charged. If the tax return has still not been received by the Division by 6 April 2009, a further £50 penalty will be charged. Even if the penalties are paid, the tax return must still be submitted, and people may be prosecuted for failing to do so. When an individual fails to submit their tax return on time the Assessor will issue what is commonly referred to as a ‘default assessment.’ These assessments are made to the best of the Assessor’s judgement, including estimated income and deductions where applicable. In previous years, any resulting overpayment was refunded. For default assessments for 2007/08 onwards, refunds will not be made until the default assessment is revised upon receipt of the tax return. In recent years there have been large queues at the Income Tax Division office during the final fortnight before the deadline. In order to give people a greater opportunity to visit the office outside normal working hours the office will open from 8am for the period from Monday 22 September 2008 to Monday 6 October 2008. Individuals are also reminded that they can send in their return form free by post, using the mailing label which was sent out with their return. Alternatively returns can be put through the letterboxes at the front of Central Government Office or on the 2nd floor inside Central Government Office. If anyone requires a duplicate tax return form, then they should contact the Division as soon as possible in order that a return can be issued and returned before the deadline. To contact us: • phone our General Enquiries Section on 685400; • visit our General Enquiries Office on 2nd floor, Government Office, Buck’s Road, Douglas. Normal opening hours are Mon - Thurs - 9.15am - 5pm Fri 9.15am - 4.30pm; or • email incometax@itd.treasury.gov.im; or • write to us at Income Tax Division, Government Office, Buck’s Road, Douglas, IM1 3TX. Malcolm Couch Assessor of Income Tax More stories >>>
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