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| HMRC: More than a million miss tax return deadline | |
| (7 days later) | |
| An estimated 1.1 million people missed the deadline for filing their annual tax returns, according to HM Revenue and Customs (HMRC). | An estimated 1.1 million people missed the deadline for filing their annual tax returns, according to HM Revenue and Customs (HMRC). |
| They now face a penalty of at least £100 for missing the cut-off at the end of the day on Friday, the tax authority has said, unless they can provide a valid excuse for failing to file. | They now face a penalty of at least £100 for missing the cut-off at the end of the day on Friday, the tax authority has said, unless they can provide a valid excuse for failing to file. |
| More than 11.5 million people did complete the self-assessment process, including more than 31,000 who finished it during the final hour before the deadline. | More than 11.5 million people did complete the self-assessment process, including more than 31,000 who finished it during the final hour before the deadline. |
| People who are self-employed or who have more than one source of income are among those required to file a tax return every year. | People who are self-employed or who have more than one source of income are among those required to file a tax return every year. |
| Most also ensure they pay, or organise the payment, of tax owed. However, some aiming to pay their tax on Friday may have faced greater stress as a result of IT problems at Barclays. | Most also ensure they pay, or organise the payment, of tax owed. However, some aiming to pay their tax on Friday may have faced greater stress as a result of IT problems at Barclays. |
| Although the payment deadline was 31 January, late payment penalties are not applied until 1 March. Barclays have indicated nobody will be out of pocket because of delayed payments caused by their technical difficulties. | Although the payment deadline was 31 January, late payment penalties are not applied until 1 March. Barclays have indicated nobody will be out of pocket because of delayed payments caused by their technical difficulties. |
| For those who missed the self-assessment deadline, the financial penalties include: | For those who missed the self-assessment deadline, the financial penalties include: |
| An initial £100 penalty, even if there is no tax to pay | An initial £100 penalty, even if there is no tax to pay |
| Additional daily penalties of £10 a day after three months, up to a maximum of £900 | Additional daily penalties of £10 a day after three months, up to a maximum of £900 |
| After six months, a further penalty of 5% of the tax due or £300, whichever is greater | After six months, a further penalty of 5% of the tax due or £300, whichever is greater |
| After 12 months, the higher of another 5% of the tax due or £300 charge | After 12 months, the higher of another 5% of the tax due or £300 charge |
| "I'm urging anyone who missed the deadline, to submit their return as soon as possible to avoid any further penalties," said Myrtle Lloyd, HMRC's director general for customer services. | "I'm urging anyone who missed the deadline, to submit their return as soon as possible to avoid any further penalties," said Myrtle Lloyd, HMRC's director general for customer services. |
| There are also fines for late payment of the tax owed, with interest added on top. | There are also fines for late payment of the tax owed, with interest added on top. |
| Appeals against a fine can be made either by filing in a form or by writing a letter to HMRC, but a self-assessment must have been completed before making an appeal. | Appeals against a fine can be made either by filing in a form or by writing a letter to HMRC, but a self-assessment must have been completed before making an appeal. |
| Phone line criticism | Phone line criticism |
| HMRC recently denied running a "deliberately poor" phone service in an attempt to push taxpayers to seek help online instead. | HMRC recently denied running a "deliberately poor" phone service in an attempt to push taxpayers to seek help online instead. |
| Chief executive Jim Harra said the claims by a committee of MPs about its customer service were "completely baseless". | Chief executive Jim Harra said the claims by a committee of MPs about its customer service were "completely baseless". |
| New rules mean this time around, for the first time, online platforms such as eBay and Vinted must tell HMRC about sales information from people selling 30 items or more or who earned at least £1,700. | New rules mean this time around, for the first time, online platforms such as eBay and Vinted must tell HMRC about sales information from people selling 30 items or more or who earned at least £1,700. |
| The authority will assess those details against individual tax returns. | The authority will assess those details against individual tax returns. |
| The rules, which took effect in January, do not mean there is a new tax charge for these sellers, just that more information is shared to ensure they are paying the correct amount of tax. |