Less than a week left to file tax return

Those who still need to file their self-assessment tax return have until the 28^th of February to do so in order to avoid a late filing penalty.

Ordinarily, the deadline date for submitting tax returns is the 31^st of January, however, with the current circumstances and many people struggling financially, HMRC decided to give extra time to complete their 2020/21 return.

Self-assessment taxpayers will then have until the 1^st of April to pay their outstanding tax bill, or set up a Time to Pay arrangement to avoid a late payment penalty. It’s worth noting that interest has been applied to outstanding balances since the 1^st of February.

According to HMRC figures, around 12.2 million people are still expected to file a tax return for 2020/21.

Commenting on Monday, Myrtle Lloyd, HMRC’s Director General for Customer Services, said, “There is one week left to complete your tax return if you haven’t done so already. And for anyone who is worried about paying their tax bill, there is support available – search ‘pay my Self Assessment’ on GOV.UK.”

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