890,000 people face £100 fine from HMRC
04/02/2015
HM Revenue and Customs has claimed that up to 890,000 people will face an £100 fine for not filing their tax returns on time, after they missed their deadline on the 31st January.
The number of people who failed to reach the deadline was much lower than the recorded peak of 1.6 million in 2010. Further fines will be enforced if people fail to complete their returns after three, six and 12 months. These are additional daily penalties of £10 per day, up to a maximum of £900 after three months, further penalty of 5% of the tax due or £300 after six months, and another 5% or £300 charge after 12 months.
HMRC also revealed that more forms than ever before had been filled out online, a record 85.5%. The busiest days for online filing were 30 and 31 January, when HMRC received almost a million (979,256) returns.
Ruth Owen, director general, personal tax, HMRC, said: “This is another record-breaking year for self-assessment, with 210,000 more people filing their returns on time than last year.
“We’re grateful to the overwhelming majority of people who sent their returns on time. If you’re one of the minority who missed the deadline, you still need to get your tax return to us as soon as possible, to avoid further penalties and interest mounting up.”
People with a genuine reason for not filing should contact HMRC immediately to ensure they do not incur additional penalties.
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