As the deadline for submitting a self-assessment tax return fast approaches, millions are remain at risk of breaking HMRC rules. Data from the tax authority showed that 3.8 million people still needed to do theirs with just a week to go – and those who forget to file face major penalties.
The tax return is a way for HMRC to ensure those who don’t make tax contributions through regular wage deductions are still paying their fair share. Most people who make a living as a self-employed earner will need to fill one out.
