Tax payers of the United Kingdom who have not filed their returns may be given a chance to avoid paying a large fine, according to HM Revenue and Customs. The HMRC has a special initiative wherein tax payers who have failed to submit their tax returns may have “better terms” when it comes to their overdue payments. HMRC will send out letters to the high rate tax payers in the country but note that all tax payers may be eligible for this privilege. Under normal conditions, tax payers who have not filed their returns would have to pay 100 percent of the tax due and criminal prosecution is also possible in some cases. According to the HMRC, “"People have until 2 October to tell HMRC they want to take part, submit completed returns, and pay the tax and National Insurance Contributions that they owe. By coming forward voluntarily through the campaign, launched on 3 July, people will receive better terms, and any penalty they pay will be lower than if HMRC comes to them first.
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