One week left to file late tax return and dodge penalty
More than a million people are yet to file their late tax return and there’s just a week left to submit to avoid paying a penalty.
So far, 10.69 million self-assessment customers have filed a 2020/21 tax return, but some 1.5 million people are yet to do so.
HM Revenue & Customs (HMRC) waived the £100 late filing penalty for anyone submitting their return by 28 February, so there’s now a week left to file to avoid this charge.
However, customers have until 1 April to pay tax or to set up payments to avoid a late payment penalty, though interest of 3% on the outstanding amount is accruing.
Myrtle Lloyd, HMRC’s director general for customer services, said: “There is one week left to complete your tax return if you haven’t done so already. And for anyone who is worried about paying their tax bill, there is support available – search ‘pay my self-assessment’ on GOV.UK.”
From tomorrow (22 February), people will be able to make self-assessment payments through the HMRC app by either connecting to their bank to make the payment or via direct debit, personal debit card or corporate or commercial credit or debit cards.