HMRC warns 1.1 million people they face fine from May 1 unless they take action
manchestereveningnews.co.ukPeople who failed to file their tax returns by the January 31 deadline are set to face big penalties from tomorrow, May 1, if they are still to pay HM Revenue and Customs (HMRC) their due.
From the start of May, anyone who was supposed to file their tax return in January but didn't will face fines of £10 for every day that they do not tell the government about their income, on top of the £100 fine for missing the first deadline, this can quickly rack up to a maximum of £1000 for late-filers.
With less than 24 hours to go, anyone who has not yet filed their late tax accounts will have to 'get their skates on' if they want to avoid these eye-watering fines of well over £1000.
According to HMRC figures, close to 1.1 million people failed to file their tax on time in January and could be fined further for missing the late-filing deadline. READ MORE: New HMRC and DWP service could help 20 million 'boost' retirement cash Dawn Register, head of tax dispute resolution at BDO said: “On the 1 May, the penalty regime for late filing steps up a gear and can really take people by surprise.
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