HMRC Warns Millions Face £100 Fine as Tax Return Deadline Approaches
# HMRC Warns Millions of Brits Risk £100 Tax Penalty - Deadline Approaches
HM Revenue and Customs (HMRC) has issued a stark warning as millions of British taxpayers could face a £100 fine for late submission of their tax returns. This notice comes ahead of the looming deadline for online self-assessment, which is fast approaching.
The deadline for filing online tax returns is set for January 31. Failure to submit by this date may lead to immediate penalties, highlighting the urgency for taxpayers to act swiftly. HMRC notes that taxpayers submitting their returns late will incur an automatic £100 fine, which can rise further if the delay extends beyond three months.
According to HMRC, “If you miss the deadline, you’ll be charged an automatic penalty of £100,” emphasizing the importance of timely filing. The agency has urged taxpayers to ensure their returns are completed accurately to avoid unnecessary fines, particularly given that many people may be unaware of the potential penalties for late submissions.
Officials recommend that those who anticipate issues or require assistance should reach out to HMRC sooner rather than later. The department provides resources and guidance for individuals needing help with their tax returns, reinforcing their commitment to support taxpayers during this critical time.
This report is for informational purposes only and is not financial advice.