Have you submitted your tax return yet?
The October 6 deadline is looming and the Income Tax Division is reminding residents that a late return will incur a £100 penalty.
Furthermore, if the return has still not been received by by April 6 next year, a further £200 penalty will be charged. And even if the penalties are paid, the tax return must still be submitted and you may be prosecuted for failing to do so.
With this in mind, taxpayers are advised that they can submit their tax return online. Anyone who is interested in doing so should register for Government Online Services at gov.im and then follow the link to enrol for Income Tax Services.
To register, go to www.gov.im/onlineservices and select ‘Income Tax’ where video guides to help in the completion of the registration and enrolment process and their income tax return can also be viewed.
From Monday (September 16) to October 4, a dedicated team of officers will be available at the Income Tax Division from 11.30am to 2pm daily to help people wishing to complete their tax return online.