HMRC issue 30 day warning to millions of people ahead of deadline
02.01.2024 - 12:34
/ manchestereveningnews.co.uk
HM Revenue and Customs (HMRC) customers have less than a month left to submit a Self Assessment deadline or risk facing a £100 minimum fine.
According to the government department, almost 5.7 million customers are yet to submit their online assessment for the 2022/23 tax year. Close to 6.5 million customers have already handed in their tax returns, it adds.
Customers must hand in the tax return by January 31. Failure to do so could result in a face of at least £100.
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Myrtle Lloyd, HMRC’s Director General for Customer Services, said: "The clock is ticking for those customers yet to file their tax return. Don’t put it off, kick start the new year by sorting your Self Assessment. Go to GOV.UK and search ‘Self Assessment’ to get started start today."
Customers unable to pay their taxes must tell HMRC as they may be able to arrange a payment plan, otherwise known as Time to Pay for those who owe less than £30,000. This can be done by going onto GOV.UK and search "HMRC payment plan".
HMRC said the following penalties can be issued for late tax returns:
Additional penalties can include 5 per cent of unpaid tax at 30 days, 6 months, and 12 months. Interest may also be charged on late tax.
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