🚨 PSA for all those juggling tax returns! 🚨
Over a million folks are facing a potential £100 fine for missing the Self Assessment tax return deadline on January 31st. While a staggering 11.48 million managed to submit on time, there are still plenty who missed the boat. If you’re among them, don’t panic—there’s still time to act!
Key Stats 📊:
– 475,722 procrastinators made it just in time on the last day.
– The final hour saw 27,456 submissions. Talk about cutting it close!
– The busiest hour? That was between 5pm and 6pm, with nearly 33,000 returns filed.
HMRC kept their lines open on Saturday to help those scrambling last minute, handling stacks of calls and web chats. If you missed the deadline, submit your return ASAP to avoid escalating penalties and interest charges. Remember, GOV.UK and the ever-handy HMRC app are your best friends for quick and easy filing.
Upcoming Changes 🚀:
From April 6, 2026, sole traders and landlords with a qualifying income over £50,000 must use Making Tax Digital (MTD) for Income Tax. Get ready to submit quarterly summaries of income and expenses. It’s a great time to get ahead and prepare!
For anyone grappling with payments, there are “Time to Pay” arrangements available if needed. Check the full list of options on GOV.UK.
A big shoutout to everyone who filed on time! If you’re still on the to-do list, search ‘Self Assessment’ on GOV.UK and get cracking. 🕐
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