3 reasons for paying your tax on time

If you pay your tax late you will be subject to the following penalties:

1. 30 days late: 5% of outstanding tax liability
2. 6 months late: further 5% of outstanding tax liability
3. 12 months or later: further 5% of outstanding tax liabliity

In addition to the above, interest will be applied to any late payments and will accrue on both the tax and penalties payable.

The message is simple - pay on time!

Contact BDM for further advice