HMRC has said that as many as 890,000 are facing a £100 penalty for not filing their self assessment tax returns on time.
With the tax return deadline being on the 31st January it’s important to act quickly to make sure you don’t get more penalties – yes it can get worse.
The number of tax payers missing the deadline has increased from last year but the number meeting the SA deadline has gone up. It’s reported 10.24 million tax returns were filed on time.
“This is another record-breaking year for self-assessment, with 210,000 more people filing their returns on time than last year,” said Ruth Owen, HMRC’s director general of personal tax.
But also warned…
“If you’re one of the minority who missed the deadline, you still need to get your tax return to us as soon as possible, to avoid further penalties and interest mounting up,” she said.
