With only one week to go until the 31 January Self Assessment deadline, HMRC is urging the 3.8 million people yet to file their tax return to act now or risk facing a £100 penalty.
HMRC is expecting more than 12.1 million tax returns to be filed for the 2022 to 2023 tax year, along with any payment that is owed. To date, more than 8.3 million online returns have already been received.
Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “If you are a Self Assessment taxpayer, now is the time to take action and get your return done. People can familiarise themselves with the process by checking out HMRC’s online resources on GOV.UK. Once a tax return is submitted, it’s easy to find out what’s owed and to pay online or using the HMRC app. Just search ‘pay my Self Assessment’ on GOV.UK to find out more.
“For anyone unable to pay in full, HMRC wants to help find an affordable way to pay the tax they owe. They may be able to set up a Time to Pay arrangement and can find out how to do this online, without speaking to HMRC, if they owe less than £30,000.”
