More than three million Self Assessment tax returns must be filed by January 31 to avoid a £100 fixed fine
HM Revenue and Customs has issued a warning to 3.4 million customers that they have less than one week left to submit their completed Self Assessment tax return or potentially face a fixed fine of £100. More than 12 million taxpayers are expected to file a return for the 2021/22 tax year by January 31, 2023.
To date, almost 8.7 million customers have already filed their tax return. Customers who are unable to pay what they owe in full, may be able to set up a payment plan, allowing them to spread the cost into manageable monthly instalments. Myrtle Lloyd, Director General for Customer Services, said: “Time is running out for millions of people who still need to file their Self Assessment and pay any tax owed. There’s no need for customers to call us, they can save time and search ‘Self Assessment’ on GOV.UK for a wealth of information and resources to help them complete their tax return.”Using HMRC’s self-serve Time to Pay facility means customers benefit from a tailored payment plan via monthly Direct Debits.
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