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Around 5,542,000 taxpayers have less than a month to complete their self assessment tax returns before the 31 January deadline
In total, more than 11.5 million 2017/18 tax returns are due, with approximately 52% of taxpayers having already filed their returns, as of 31 December 2018, and more than five million having completed their returns online (88% of the total returns filed).
Financial Secretary to the Treasury, Mel Stride, said: ‘It is encouraging that around 52% of taxpayers have already completed their self assessment tax returns. With less than one month to go before the deadline, there are still many people that need to act now.
‘HMRC is encouraging all self assessment filers to complete their returns by 31 January and is offering support every step of the way.’
Angela MacDonald, HMRC’s Director General for Customer Services, said: ‘If you are completing self assessment for the first time or are yet to start your 2017/18 tax return, there is a wide range of support and guidance available on GOV.UK to help at every stage of the tax return process.’
People need to complete a tax return if they:
If customers completed a self assessment tax return last year but did not have any tax to pay, they still need to complete a 2017/18 tax return unless HMRC has written to them to say it is not required.
The penalties for late tax returns are:
There are also additional penalties for paying late of 5% of the tax unpaid at 30 days, six months and 12 months.
Contact us if you need help with your tax returns.
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