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Glasgow Live
Glasgow Live
National
Sophie Buchan

Money Saving Expert issue tax warning over risk of £100 fine

Money Saving Expert (MSE) has issued a reminder to taxpayers warning them that they have less than a month to fill out their online self-assessment tax return.

The deadline is January 31 at 11:59pm and if you do not complete it by this deadline, you could be faced with a fine - even if there is no tax to pay. The financial experts say that the fine is around £100 and to date, around 5.7 million people have yet to submit their tax returns, according to HMRC.

If you are self-employed, you will need to send HMRC an online tax return for the 2021/2022 tax year, which ended on April 5, 2022.

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