HM Revenue and Customs (HMRC) have revealed that more than 10.7 million people submitted their 2019/20 Self Assessment tax returns by the 31 January deadline.
The 1.8 million customers that are remaining will not be charged a late filing penalty provided that they submit their return online by 28 February.
Those who did not pay their Self Assessment tax bill by 31 January are now incurring interest on their outstanding balance. It is encouraged that they should pay their bill as soon as possible.
Those who can not yet file their tax should pay an estimated amount as soon as possible, to minimise any interest and late payment penalty. Use the calculator on GOV.UK to help estimate your bill.
Karl Khan, HMRC’s Interim Director General for Customer Services, said:
“Thank you to the 10.7 million customers who have sent in their tax returns.
“We won’t send anyone a late filing penalty if they complete their tax return by 28 February.
“We know that many individuals and small businesses are finding it harder to pay this year, due to the pandemic. Anyone who can’t afford to pay their tax bill in full can set up a payment plan, once they’ve filed their return, to spread their tax bill into monthly instalments.”
Customers can pay their Self Assessment tax bill online, via their bank or by post.