HMRC will impose a £360 fine on households unless they have one of ten ‘reasonable excuses’

UK households that have missed the deadline for their tax returns are being hit by HMRC with fines of up to £360. Every year, millions of self-employed people, business owners or people who earn more interest than their personal allowance allows must file a self-assessment tax return to cover the tax owed to indicate.

The online filing deadline, which covers the previous tax year, is at the end of January. New submissions for the coming tax year will open from April 6, the Express reports.




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Penalties for missing the deadline start at £100 and increase over time as interest is added to the fine. One person contacted HMRC’s Twitter support page and said: “Good morning. I woke up to a £360 fine for late self-assessment. I wasn’t aware that I had to file a failure to return because I was not myself – employed for that period. The form I completed to indicate that I was no longer self-employed never came through. How can I appeal to arrange this?”

HMRC’s initial penalty for late payments is £100, but this can escalate due to interest on late payments. As explained by HMRC: “You will be fined if you need to send a tax return and you miss the deadline for submitting it or paying your bill.”

“You will pay a £100 late filing penalty if your tax return is up to three months late. You will have to pay more if this is later or if you pay your tax bill late. Interest will be charged on late payments” .

HMRC has outlined ten ‘reasonable excuses’ for late filing of tax returns. Consider circumstances such as a death just before the deadline, serious illness or computer failure during preparation.