Countdown to tax deadline has begun, so don’t be late, says HMRC

Making Tax Digital

With fewer than 100 days to go before the 31st January deadline, HMRC is reminding customers to complete their tax returns early to beat the Christmas and New Year rush.

Last year more than 2,000 people sent us their tax returns on Christmas Day. Customers should consider submitting their returns early to avoid the stress of a last minute rush. By doing their Self Assessment return now, customers can start planning their festive activities.

Angela MacDonald, HMRC’s Director General for Customer Services, said: “The deadline for completing Self Assessment tax returns is fewer than 100 days away, yet so many of us wait until January to start the process. Avoid the last minute rush by completing your tax returns on time and then enjoy the upcoming festive period.

“We want to help people get their tax returns right – starting the process early and giving yourself time to gather all the information you need will help avoid that stressful, late rush to file.”

Tax is automatically deducted from the majority of UK taxpayers’ wages, pensions or savings. For people or businesses where tax is not automatically deducted, or when they may have earned additional untaxed income, they are required to complete a Self Assessment tax return each year.

HMRC is also reminding people who are liable for the High Income Child Benefit Charge that they may need to file a tax return before the deadline. Those with income over £50,000 who receive child benefit, or those whose partner gets it, are liable for the charge. Customers can check their annual income via their P60 or Personal Tax Account, and use HMRC’s child benefit tax calculator.

The deadline for paper tax returns is 31st October – Thursday next week – and the deadline for online tax returns and paying any tax owed is 31st January 2020. If customers miss the deadline, they can face a minimum £100 penalty for late submissions.