The quickest and easiest way to complete your tax return and pay any tax owed is to use HMRC’s online services – go to GOV.UK and search ‘Self Assessment’ to get started now.”…reports London Daily Digital
The HMRC has urged thousands of people to complete their tax return and ‘do it now’. There is less than a month to go before the tax deadline and if customers miss the January deadline they could face a penalty of up to £100.
There are currently 5.4 million customers yet to complete and pay their Self Assessment and avoid penalties the HMRC have warned. Thousands of taxpayers have already completed their tax returns on New Year’s Day and others have been urged to do the same to avoid penalties.
Issuing advice for how to file a tax return, Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “We know completing your tax return isn’t the most exciting item on your New Year to-do list, but it’s important to file and pay on time to avoid penalties or being charged interest.
The quickest and easiest way to complete your tax return and pay any tax owed is to use HMRC’s online services – go to GOV.UK and search ‘Self Assessment’ to get started now.”
For people who can’t meet the tax deadline, HMRC say they will “treat those with reasonable excuses fairly” if they are told before the deadline of January 31. MoneySavingExpert say: “If your bill is correct but you find you can’t afford it, contact HMRC as soon as possible as you may be able to avoid late payment penalties by coming to an arrangement to spread your payments over a period of time.
They add: “If you don’t agree a payment plan in advance and miss the deadline, you’ll be charged a penalty – unless you had a reasonable excuse for not paying your tax on time. This is usually something unexpected or outside of your control that stopped you meeting your tax obligation (for example: serious illness, bereavement, fire, flood, and so on).”
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