HMRC issues £10 a day fine as important tax deadline passes

The self-assessment deadline for the 2022/23 tax year was 11.59pm on January 31

HMRC has begun issuing daily fines of £10 to those who have not yet submitted their self-assessment tax return. The deadline for the 2022/23 tax year was 11.59pm on January 31.

If you filed your tax return even a day late, you would have already been hit with a £100 fine - regardless of whether you owe any tax. If you still haven't filed after three months, additional fines of £10 a day are levied, up to a maximum of £900. The new round of fines would have commenced on May 1 for anyone who has not yet submitted their self-assessment. A further penalty of 5% of the tax owed or £300, whichever is greater, will be applied if you still haven't filed six months after the deadline which is repeated at 12 months.The deadline for paying any tax owed was also on January 31.

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