HM Revenue and Customs (HMRC) are urging self assessment taxpayers to submit their late tax returns as there is only one week left to prevent having to pay the £100 late filing penalty.
While 10.7 million taxpayers filed their tax returns by 31 January, more than 1.5 million taxpayers missed the deadline.
Taxpayers have until 28 February to file their return and prevent a Late Filing Penalty of £100. Those who owe tax have until April 1 to pay outstanding tax or set up a payment plan to prevent a 5% Late Payment Penalty.
Jim Harra, HMRC’s Chief Executive said:
“Self Assessment taxpayers have until 28 February to file their tax returns and prevent being charged a £100 late filing penalty.
“Tax returns submitted during February have missed the 31 January Self Assessment deadline and are late. I’m urging anyone who is still to complete their return to not put if off any longer risking penalties and further interest on their outstanding liabilities. Support is available on GOV.UK for anyone worried about how to complete their tax return or how to pay their tax bill.”