HMRC: More than a million miss tax return deadline
Most also ensure they pay, or organise the payment, of tax owed. However, some aiming to pay their tax on Friday may have faced greater stress as a result of IT problems at Barclays.
For those who missed the self-assessment deadline, the financial penalties include:
-
An initial £100 penalty, even if there is no tax to pay
-
Additional daily penalties of £10 a day after three months, up to a maximum of £900
-
After six months, a further penalty of 5% of the tax due or £300, whichever is greater
-
After 12 months, the higher of another 5% of the tax due or £300 charge
“I’m urging anyone who missed the deadline, to submit their return as soon as possible to avoid any further penalties,” said Myrtle Lloyd, HMRC’s director general for customer services.
There are also fines for late payment of the tax owed, with interest added on top.
Appeals against a fine can be made either by filing in a form or by writing a letter to HMRC, but a self-assessment must have been completed before making an appeal.
Related
Entries now open for Responsible Business Awards 2025
The awards – run by responsible business network Business in the Community (BITCNI) in partnership with key sponsor Henry Brothers – reward and recognise bu
Altrad completes the acquisition of Stork’s UK business – Nuclear…
Altrad is delighted to confirm it has completed the purchase of Stork TS Holdings Limited which holds the Stork UK group of companiesThe transaction, which conc
UK and European stock markets tumble amid ‘Trump tariff tantrum’
Stock markets in the UK and Europe have suffered heavy falls after Donald Trump announced a number of tariffs, prompting fears of a global trade war.The US pres
Trump says US tariffs on EU will happen, but tells…
As Trump threatens allies and rivals, where does India stand?published at 13:03 Greenwich Mean Time13:03 GMTNikhil InamdarBBC News Business Correspondent, Delhi
