"HMRC said 27,456 taxpayers filed in the final hour before the midnight cut-off at the end of Saturday, after the tax authority kept helplines open and extended webchat services over the weekend in a bid to help late filers. The busiest period for online submissions was between 5pm and 6pm on Saturday. In total, 475,722 people filed on the final day, bringing the overall number of submissions for the 2024-25 tax year to around 11.5 million."
"Anyone who failed to file on time now faces an automatic £100 penalty, even if there is no tax to pay or the tax owed has already been settled. HMRC's penalty regime escalates the longer a return remains outstanding. In addition to the initial £100 fine, late filers can face daily penalties of £10 after three months, capped at £900, followed by further penalties after six and 12 months."
"Myrtle Lloyd, HMRC's chief customer officer, said: "Thank you to the millions of people and agents who filed their self-assessment tax return and paid any tax owed by 31 January. Anyone who missed the deadline should file their return as soon as possible, as penalties and late payment interest may be charged." While most employees pay tax automatically through PAYE, self-assessment remains mandatory for people with additional income."
About one million taxpayers missed the self-assessment filing deadline and face automatic penalties. HMRC reported 27,456 submissions in the final hour and 475,722 on the final day, bringing total returns to about 11.5 million for 2024-25. Helplines were kept open and webchat services extended over the weekend to assist late filers, with the busiest online hour between 5pm and 6pm. Anyone who fails to file now faces an immediate £100 penalty even if no tax is owed, with escalation to daily £10 fines after three months (capped at £900) and further penalties at six and 12 months. Separate penalties apply for late tax payments.
Read at Business Matters
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