HMRC is warning these households must pay tonight (Image: Getty)
UK households have just hours left to file a self-assessment tax return to or face a fine starting at £100 with interest slapped on top.
Millions of people still need to file a tax return, the deadline for which passes at midnight tonight (Friday, January 31).
Although will contact some people to tell them they need to file – and you should have had the letter, email or text already by now – there are some who will be required to file who either haven’t got round to it yet or who haven’t realised they’re liable to.
Those who do owe the taxman money but don’t file on time will face fines, says.
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Self-assessment tax returns are not just for the self-employed, with many people liable to file a return for all sorts of reasons.
Those who earned tips and commissions must pay tax on them as well as those who rented out a property.
If you rented a room in your house and took more than £7,500, you must also pay tax on that.
And because this is for the 2023-24 tax year when the Child Benefit limit was £50,000, you will have to file a tax return and pay back some of your Child Benefit if you earned more than £50,000 in that tax year and claimed the benefit.
Otherwise, anyone earning £150,000 or more must also submit a return.
says the following households must file tax returns by midnight tonight:
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You were self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on) – this includes selling on eBay, Vinted and other online selling sites
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You were a partner in a business partnership
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You had a total taxable income of more than £150,000
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You had to pay Capital Gains Tax when you sold or ‘disposed of’ something that increased in value
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You had to pay the High Income Child Benefit Charge
You may also need to send a tax return if you have any untaxed income, such as:
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Money from renting out a property
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Tips and commission
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Income from savings, investments and dividends
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Foreign income
says there are also other reasons to file a tax return, such as claiming Income Tax relief, to prove you’re self employed or to claim Tax-Free Childcare or Maternity Allowance, as well as to boost your pension with voluntary National Insurance contributions.
Anyone who doesn’t file their return and pay the tax they owe by midnight could be fined £100 by .