Category: selfassessment
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Over one million taxpayers face fines after missing self-assessment deadline
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An estimated 1.1 million people in the UK were absent from the reduction of January 31 to submit the annual declarations of self -evaluation tax, according to HM and Customs (HMRC). Each Fair failer now faces a penalty of at least 100 pounds, unless they can prove that they have…
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Millions face £100 penalty as midnight self-assessment deadline looms
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Millions of taxpayers in the United Kingdom are still exposed to a fine of 100 pounds if they fail to submit self -evaluation tax declarations by midnight tonight, according to HM Revenue & Customs (HMRC). This warning comes as more than three million people have yet to provide their returns…
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5.4 million yet to file self-assessment tax returns, warns HMRC
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Millions of people across the UK are at risk of penalties after HMRC revealed that 5.4 million taxpayers have yet to submit their self-assessment tax returns. With the January 31 deadline fast approaching, HMRC has urged anyone who has not yet applied to do so immediately to avoid hefty fines.…