HMRC warns four million people they have days to act or risk £100 fine
manchestereveningnews.co.ukMillions of people have been warned by HM Revenue and Customs (HMRC) that they need to act this week or face the risk of being fined £100.
The deadline for people to submit their self-assessment tax return is January 31. HMRC expects more than 12 million returns to be filed - but so far only 8.3 million have been received.
People who do not file on time face an initial £100 fixed penalty - which will even apply if there is not tax to pay or if the tax due is paid on time. Join our WhatsApp Top Stories and Breaking News group by clicking this link. After three months penalties rise to £10 per day, up to a maximum of £900.
After six months there is a further penalty of 5 per cent of the tax due or £300, whichever is higher. After 12 months, there is another 5 per cent or £300 charge, whichever is more.
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