HM Revenue & Customs is to begin sending out penalty letters to the half a million people who have not sent in their 2010/11 tax returns.

However, the amount of outstanding returns has almost halved, down to 5.9% from 10.7% the previous year.

The department will issue fines of £1,200 to those who have not filed despite several reminders to do so.

Find out more about the penalties on TaxAssist Accountants.

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