At the end of last week, there were still more than 3.5 million taxpayers left to complete and pay any tax owed for their self-assessment.
However, an extra 25,000 people have already filed their self-assessment compared to the same time last year.
HMRC is reminding customers that if their tax return is late, they will receive a £100 penalty – even if they do not owe any tax. The longer the delay, the more they will have to pay.
Financial Secretary to the Treasury, Mel Stride, commented, “The deadline for the Self Assessment tax return is fast approaching, but there is still time for the 3.5 million customers who haven’t completed their return to file by 31 January.”
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Email JaimeAngela MacDonald, HMRC Director General of Customer Services, added, “We are encouraging all Self Assessment filers to complete their returns by 31 January and support is available every step of the way. Taxpayers can make use of HMRC’s online services, webinars and videos, the customer service helpline, webchat or our social media channels. We are on-hand to offer support and advice to help you complete your tax return.”
If you think you won’t be able to complete your tax return by the deadline date, contact HMRC and get the help and advice needed sooner rather than later.
To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.