HMRC Urges Quick Action for Those with £1,000 Extra Income Tax Return
# HMRC Issues Urgent Tax Alert for Those with £1,000 Extra Income
## Deadline Approaching for Self Assessment Registration
HMRC is warning individuals who have earned an additional £1,000 this tax year to take immediate action regarding their Self Assessment tax return. The deadline for both registering for Self Assessment and submitting the return is set for October 5, 2025. Failing to adhere to this deadline may result in penalties and added interest on the taxes owed.
Individuals who have received income from side jobs, freelance work, or rental properties that exceeds £1,000 need to ensure they are registered as self-employed with HMRC. This measure is a key step to avoid potential fines and complications. Without proper registration and submission, taxpayers risk incurring fees due to non-compliance.
The tax office has emphasized that those who earn money through these channels should not underestimate the importance of reporting this income. “It’s important to act quickly to ensure you meet the deadlines. Late submissions can lead to unnecessary charges,” HMRC stated.
It is advisable for individuals to gather all relevant documents and prepare their tax details as soon as possible. They should consult the HMRC website for guidance on how to register and additional details about the Self Assessment process. As the deadline approaches, proper preparation becomes essential for a smooth tax filing experience.
This report is for informational purposes only and is not financial advice.