HMRC customers have been issued an urgent warning (Image: Getty Images)
Time is ticking away for HMRC customers as they face a daunting deadline to submit an essential form, or a £100 penalty will be knocking on their door. With January 31 looming ahead, taxpayers are urged to act quickly and file their Self Assessment tax returns to avoid unwanted fines.
It’s especially pertinent for Self Assessment newbies who need that all-important Unique Taxpayer Reference to file for the 2023/24 tax year. And if you’re off the hook for this year, make sure to give a heads-up promptly to sidestep penalties.
Myrtle Lloyd, the Director General for Customer Services at , said: “The countdown to the Self Assessment deadline has begun but there is still time to thoroughly prepare and file an accurate tax return by 31 January.
“You can access online help and support to help you file. Search ‘help with Self Assessment’ on GOV.UK to find out more.”
This year, it’s down to over 12 million brits to get their tax returns done and dusted for the 2023 to 2024 tax year, with the balance settled by January 31, 2025. To ease the burden, has crafted a suite of YouTube tutorials and a thorough guide, shaping the path for those filing for the first time.
For anyone in doubt about whether they should file a Self Assessment tax return, a swift visit to will set the record straight. Penalties are also imposed for late payment of a tax fine. This includes an additional 5% in relation to the unpaid tax, which is compounded at 30 days, then six months, and finally 12 months.
After this final deadline, interest will be added to the charge, along with any additional charges already incurred.