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Online self-assessment tax return deadline passes | |
(1 day later) | |
Anyone filing online tax returns from now is likely to receive a penalty but some hit by flooding may have been given an extension. | |
Self-assessment forms must have been completed by the end of Sunday, with fines starting at £100. | |
There are also penalties for those who fail to pay outstanding tax, through a 3% interest charge. | There are also penalties for those who fail to pay outstanding tax, through a 3% interest charge. |
Those affected by the flooding in late December and early January were allowed to apply for a later deadline. | |
This option was open to those who have been forced out of their homes and businesses, or have seen paperwork and computers damaged. | |
Labour's John McDonnell publishes tax return | Labour's John McDonnell publishes tax return |
However, the tax authority was far less likely to grant an extension to HSBC customers who were hit by online banking problems on Friday. | |
Tax returns are generally required from the self-employed and those with more than one source of income. | Tax returns are generally required from the self-employed and those with more than one source of income. |