It’s a Self Assessment wrap for 40,000 festive filers
HM Revenue and Customs (HMRC) has confirmed that over 40,000 Self Assessment tax returns were filed between Christmas Day (25 December 2024) and 2 January 2025.
1 January was the deadline for most people to file their Self Assessment tax returns. However, some people, such as those who need to make a payment, have longer to file their return.
HMRC is urging anyone who has not yet filed their tax return to do so as soon as possible. The deadline for filing a Self Assessment tax return and paying any tax due is 31 January 2025.
Penalties may apply for late filing or late payment of tax. The penalty for filing a late return is £100. The penalty for paying your tax late is 5% of the tax owed, plus 3% interest per month.
You can file your tax return online or by post. If you file your return online, you will need to have your Government Gateway user ID and password. If you do not have a Government Gateway user ID, you can create one at GOV.UK.
You can find more information on Self Assessment on the GOV.UK website.
Additional information
- Self Assessment is a system that allows individuals to declare their income and pay their taxes.
- Around 12 million people in the UK need to file a Self Assessment tax return each year.
- The vast majority of people file their tax returns online.
- HMRC is urging people to file their tax returns as soon as possible to avoid penalties.
It’s a Self Assessment wrap for 40,000 festive filers
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