Despite there being less than a week until the deadline, HM Revenue and Customs (HMRC) has warned that there are still more than 3.5 million taxpayers who have not yet submitted their Self-Assessment tax returns.
The deadline to complete a 2017 to 2018 tax return online is 11.59pm on 31 January 2019.
On 22 January 2019, HMRC reported that 91 per cent (7.4 million) of customers have filed their tax returns online and nine per cent (704,000) of returns were filed on paper.
Compared to this time last year, an additional 25,000 customers have already filed their Self-Assessment.
Nevertheless, HMRC is reminding customers to meet the deadline, because if their tax return is late, they will receive a £100 penalty, even if they do not owe any tax. The longer the delay, the more they will have to pay.
Financial Secretary to the Treasury, Mel Stride, said: “The deadline for the Self-Assessment tax return is fast approaching, but there is still time for the 3.5 million customers who haven’t completed their return to file by 31 January.
“It is important that customers are reminded of the Self-Assessment deadline in order to avoid paying penalties.”
If you have not yet filed your tax return and need any further advice or support, then please get in touch with us today.