Its tax return time again (standing in a bucket)

Its tax return time again and by missing the 31 January deadline you are risking hefty penalties. From £100 the penalties rise to up to £1,600 if you include the daily default fines for not sending back the form.

In addition, for late payment of the tax you are charged 5% of the balance on 28 February and after 6 and 12 months - and that is on top of late payment interest.

So get organised, and get help if you need it. And don't help George Osborne out too much. Remember what Winston Churchill said.  "We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."