Some 3.4 million people have around a week left to file their tax return as HMRC warns missing the deadline on January 31 will result in an immediate £100 penalty
An urgent call to action has been issued for some 3.4 million people who have just over a week to submit their tax returns or else they might face penalties. HM Revenue and Customs warns that failing to meet the January 31 deadline will trigger an immediate £100 penalty.
It is important for taxpayers to include their bank details within the tax return so any repayments can be processed swiftly and securely, according to HMRC. Individual circumstances surrounding failures to pay the tax bill or arrange a payment plan by the deadline will be reviewed on a case-by-case basis, with HMRC stating that reasonable excuses may help taxpayers steer clear of a penalty.
For first-timers feeling overwhelmed by the process, Bartlett reassures: "If this is the first time you've gone through the process, don't worry - our advisers can assist people struggling to fill in their Self Assessment forms or who have any other queries about their tax obligations, completely free of charge."
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