HMRC issues penalty warning to 5.4 million taxpayers who have yet to complete self assessment form

HMRC have issued a penalty warning to some 5.4 million taxpayers (File picture) - (PA Wire)

HMRC have issued a penalty warning to some 5.4 million taxpayers who have not returned their self-assessment form ahead of the January 31 deadline.

Anyone required to file a tax return for the 2023 to 2024 tax year who misses the deadline could face an initial late filing penalty of £100.