Customers are being urged to go online this week for help and advice if they’re one of the reported 3.4m people who have yet to send in their self assessment tax return – due on 31 Jan.
More than 8.6 million people (66%) have already filed theirs, but those who are yet to start can go to GOV.UK to find all the help they might need.
Once customers have submitted their return the quickest and easiest way to pay any tax due is via the free and secure HMRC app, which takes less than a minute with immediate confirmation of payment. Nearly 360,000 have paid their tax bill this way since 6 April last year, totalling more than £605 million.
Customers’ reasons for not paying their tax bill or arranging a payment plan by the deadline will be considered individually. While customers who provide HMRC with a reasonable excuse may avoid a penalty, those without reasonable excuse face will be issued with a penalty including an initial £100 fixed penalty, which applies even if there is notihng to pay, or if the tax due is paid on time. These charges rise as time goes on, so early payment is advisable.
There are also additional penalties for paying late of 5% of the tax unpaid at 30 days, 6 months and 12 months. If tax remains unpaid after the deadline, interest will also be charged on the amount owed, in addition to the penalties above.
More information can be found at this dedicated page.
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