HMRC Cash Grab Looms as 3m Risk £100 Fines as £106m Penalties Loom Next Week
HMRC expects to collect £106 million in late filing penalties as frozen thresholds and tax changes increase Self Assessment filings and risk of fines.
7 Articles
7 Articles
Self Assessment: Millions still to file with eight days to go
Eight days until 31 January Self Assessment deadline Miss the deadline and you may face an automatic £100 penalty File your return now at GOV.UK and pay any tax due by 31 January – help and support available online With just over a week until the Self Assessment deadline, 8.6 million people have already filed their return for the 2024 to 2025 tax year. HM Revenue and Customs (HMRC) is urging taxpayers and agents who haven’t filed, to act now or …
Taxi drivers and other self-employed workers warned of £100 penalty as tax deadline looms
Taxi drivers and other self employed workers have been warned they face an automatic £100 fine if they miss the fast approaching Self Assessment tax deadline, with just days remaining before returns for the 2024 to 2025 tax year must be filed. HM Revenue and Customs said 8.6 million people have already submitted their returns, but around 3.3 million taxpayers have yet to file ahead of the 31 January cut off. Last year, more than 11.5 million peo…
HMRC urges people to do Self Assessment before deadline
Image credit: © Pormezz / Adobe Stock HMRC is urging taxpayers to file their 2024 to 2025 tax return now and not wait until the last minute, risking a penalty if the deadline is missed. The deadline to file and pay Self Assessment tax is 31 January 2026. There is a £100 penalty if this is missed, rising to £900 if it is not paid after three months. Thousands of people celebrated the New Year by filing their Self Assessment tax return and 6.36 mi…
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