Press release -
Get quacking with less than a month to go
- or their partner received Child Benefit and either of them had an annual income of more than £50,000
- received more than £2,500 in other untaxed income, for example:
- From tips or commission
- Money from renting out a property
- Income from Savings, investments & dividends
- From foreign income
- are self-employed sole traders and earned more than a £1,000
- are a partner in a business partnership
- are employees claiming expenses in excess of £2,500
- have an annual income over £100,000
- an initial £100 fixed penalty, which applies even if there is no tax to pay, or if the tax due is paid on time;
- after 3 months, additional daily penalties of £10 per day may be charged, up to a maximum of £900;
- after 6 months, a further penalty of 5% of the tax due or £300, whichever is greater; and
- after 12 months, another 5% or £300 charge, whichever is greater.
5.4 million taxpayers have less than a month to complete their Self Assessment tax returns before the 31 January deadline.
More than 11 million 2018/19 tax returns are due back with HM Revenue and Customs (HMRC) by the end of January. Around 54% of taxpayers have already filed their returns with more than 5.6 million of those completed online (89% of the total returns filed).
Angela MacDonald, HMRC’s Director General for Customer Services, said:
“The Self Assessment deadline on 31 January is fast approaching so customers have just under a month left to file their tax returns online to avoid any unnecessary penalties. Any tax due is also payable by 31 January. We know that can be a worry, and not only when large sums are involved, so I would urge anyone who is expecting to find it difficult to pay their tax to get in touch with us as soon as possible. We will do everything we can to help and provide practical support.”
If you are completing Self Assessment for the first time or are yet to start your 2018/19 tax return, there is a wide range of support and guidance available on GOV.UK to help at every stage of the process.”
For any customers who are yet to start their 2018/19 Self Assessment, films and webinars can help with each stage of the process, with bespoke guidance for individuals’ varying circumstances, including a video specifically aimed at customers completing a tax return for the first time: https://www.youtube.com/watch?v=_QzNuPkf9Iw
Help is also available on GOV.UK or from the Self Assessment helpline on 0300 200 3310 and on social media.
People need to complete a tax return if they:
If customers completed a Self Assessment tax return last year but didn’t have any tax to pay, they still need to complete a 2018/19 tax return unless HMRC has written to them to say it is not required.
Customers who are not sure if they need to file a tax return can use the following tool - Check if you need to send a tax return
Notes to Editors
1. Self Assessment facts summary:
11,718,339 total SA returns due (11.7m)
6,293,550 total SA returns filed as at 31 December 2019
34,488 returns filed on 31 December 2019
5,424,789 million returns still to file, as at 31 December 2019
5,630,496 million returns, as at 31 December 2019, filed online (89% of total filed)
663,054 million returns, as at 31 December 2019, filed on paper (11% of total filed)
17,080 returns filed on 01 January 2020
2. The penalties for late tax returns are:
There are also additional penalties for paying late of 5% of the tax unpaid at 30 days, 6 months and 12 months. Interest will be charged on all late payments.
3. Self Assessment guidance is available at - https://www.gov.uk/self-assessment-tax-returns
4. Between 30 January, and 31 January, our phone helplines shut at 8pm. Customers can contact us via Webchat until midnight both days.
5.Tax is automatically deducted from the majority of UK taxpayers’ wages, pensions or savings. For people or businesses where tax is not automatically deducted, or when they may have earned additional untaxed income, they are required to complete a Self Assessment tax return each year.
6.Be aware of copycat websites and phishing scams – always type in the full online address http://www.gov.uk/hmrc to obtain the correct link to file your Self Assessment return online securely and free of charge.
7. HMRC uses your home address to determine whether you should be paying UK or Welsh/Scottish Rate of Income Tax, make sure yours is up to date by accessing your Personal Tax Account or https://www.gov.uk/tell-hmrc-change-of-details
8.Customers can also register for HMRC’s help and support email service at https://www.gov.uk/government/collections/hmrc-webinars-email-alerts-and-videos or by going to GOV.UK and searching ‘HMRC videos, webinars and email alerts’.
9.Follow HMRC’s Press Office on Twitter @HMRCpressoffice
10.HMRC’s Flickr channel www.flickr.com/hmrcgovuk
Topics
Categories
Issued by HM Revenue & Customs Press Office
HM Revenue & Customs (HMRC) is the UK’s tax authority.
HMRC is responsible for making sure that the money is available to fund the UK’s public services and for helping families and individuals with targeted financial support.