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Published

Online self-assessment tax returns due by midnight

  • Millions face a potential £100 penalty if they do not file their online self-assessment tax returns by midnight, as warned by HMRC.
  • New rules require sellers of 30 or more items on platforms like eBay and Vinted to share their sales information with HMRC for tax assessments.
  • Those without a reasonable excuse for missing the deadline will incur increasing penalties, starting with a £100 fixed penalty.
  • Around 8.6 million people have declared their tax for the year 2023-2024, including small businesses and individuals with extra income outside their jobs.
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