Millions of people across Great Britain were due to file their Self-Assessment tax return by midnight on Tuesday, January 31, with fines imposed from February 1 for anyone who missed the deadline.
Anyone who missed the deadline will need to pay a fixed penalty fee of £100 if they file in the next three months - with the fine increasing if they still have not filed by the end of April. HM Revenue and Customs (HMRC) estimates that more than 12 million people needed to complete a return for the 2021/22 tax year, with more than three million still to file just three days before the deadline.
Mike Parkes, tax expert at tax software business GoSimpleTax, warned people who have missed the deadline to get their return in as quickly as possible, advising that HMRC will not accept “mistakes, forgetfulness or lack of funds” under its ‘genuine reason’ rules for not imposing the £100 fixed fine.
