Income Tax Self Assessment	Note	2007/08	2008/09
Standard penalty - up to 6 months late	1	£100	£100
Standard penalty - up to 12 months late	1	£200	£200
Return over 12 months late		100% of tax due	100% of tax due
Daily penalty - confirmed by Commissioners		£60	£60
Surcharges - End February		5% of balancing payment 06/07	5% of balancing payment 07/08
Surcharges - End July		5% of balancing payment 06/07	5% of balancing payment 07/08
Corporation Tax Self Assessment
First and second late returns - up to 3 months late		£100	£100
Third consecutive late return - up to 3 months late		£500	£500
First and second late returns - 3 - 6 months   late		£200	£200
Third consecutive late return - 3 - 6 months late		£1,000	£1,000
Returns more than 6 months late		10% of tax outstanding	10% of tax outstanding
Returns more than 12 months late		20% of tax outstanding	20% of tax outstanding
PAYE
Year end return (form P35) and related forms		£100 per 50 employees per month (or part)	£100 per 50 employees per month (or part)
Form P11D(b) where due		£100 per 50 employees per month (or part)	£100 per 50 employees per month (or part)
Forms P11D		£300 per form	£300 per form
CIS
Monthly return - CIS 300		£100 per 50 subcontractors per month	£100 per 50 subcontractors per month
VAT : Default Surcharge Periods	2
First return in surcharge period	3	2%	2%
Second return in surcharge period	3	5%	5%
Third return in surcharge period		10%	10%
Fourth and subsequent return in surcharge period		15%	15%
Companies House Fines	4	To 31st January 2009	From 1st February 2009
Not more than 1 month after filing deadline		N/A	£150
Not more than 3 months after filing deadline		£100	N/A
Between 1 to 3 months after filing deadline		N/A	£375
Between 3 to 6 months after filing deadline		£250	£750
More than 6 months after filing deadline		N/A	£1,500
Between 6 to 12 months after filing deadline		£500	N/A
Over 12 months after filing deadline		£1,000	N/A

Notes

1. The fixed penalties for late self assessment returns cannot exceed the tax outstanding on the due date for the return. If all of the tax has been paid the fixed penalty is zero. This does not apply to partnership and trust returns.
2. VAT default surcharge also applies when the VAT return has been submitted but the VAT remains unpaid. The penalty is calculated at the rate shown applied to the VAT outstanding. Late repayment returns still register as a default, but no penalty is due.
3. Penalties at 2% and 5% are not levied if the amount of the penalty does not exceed £400, but the default still registers and increases the potential penalty for the next default.
4. In addtion where there was a failure to comply with filing requirements in relation to the previous financial year, the penalty will be double that shown in the table from 1st February 2009.