Last week's Family Money story "Miss tax deadline and pay high price" stated that the penalty for missing Wednesday's tax return deadline was 5 per cent of the tax bill or £10,000, whichever is greater. This should have read 5 per cent of the tax bill subject to a maximum of £10,000 up to March 31st, and 10 per cent of the tax bill up to a maximum of £50,000 thereafter.