This savings account can be opened by an adult on behalf of a child with a deposit of just 1, while the lender called on its existing Young Saver holders to head to their local branch as their interest rate will also be boosted.
If six months elapse and a person has still not supplied their self assessment tax return, the Inland Revenue will charge an extra penalty of five per cent of the tax due, or three hundred pounds, whichever sum is greater.
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