HM Revenue and Customs (HMRC) has issued a critical warning to taxpayers across the United Kingdom as the self-assessment deadline for the 2024-25 tax year rapidly approaches this Saturday, January 31st. With approximately two million individuals yet to submit their returns, the revenue body is urging immediate action to avoid substantial financial penalties.
Urgent Call to Action as Deadline Nears
An HMRC spokesperson emphasised the urgency, stating: "More customers have filed their tax return compared to this time last year, but for anyone yet to file and pay, don't leave it until January 31 - take action now." The spokesperson highlighted that over 10 million people had already completed their returns by Thursday, with a total of 12 million expected to file for the current tax year.
Enhanced Support Services for Last-Minute Filers
Recognising the pressure on taxpayers, HMRC has significantly bolstered its support services for the deadline period. On Saturday, the webchat service will operate with ten times its usual Saturday capacity, complemented by the 24/7 digital assistant and comprehensive guidance available on gov.uk.
Additionally, a dedicated telephone service will be available from 9am to 4pm on Saturday for those requiring personal assistance with their self-assessment queries. Throughout the week, HMRC's phone lines remain open Monday to Friday from 8am to 6pm.
Substantial Penalties for Late Submission
Taxpayers missing the January 31st deadline face an automatic £100 fixed penalty, applicable even if there is no tax due or if payment is made on time. The penalty structure escalates significantly for continued delays:
- After three months: Additional daily penalties of £10 per day, up to a maximum of £900
- After six months: Further penalty of 5% of the tax due or £300, whichever is greater
- After twelve months: Another 5% or £300 charge, whichever is greater
Late payment penalties also apply at 5% of the unpaid tax at 30 days, six months, and twelve months, with interest potentially charged on outstanding amounts.
Flexible Payment Options Available
For those unable to pay their full tax bill by the deadline, HMRC offers a "time to pay" arrangement online for individuals owing less than £30,000 who meet specific criteria. The revenue body has also confirmed it will consider reasonable excuses for missing the deadline, which may help some taxpayers avoid penalties entirely.
Vigilance Against Tax-Related Scams
HMRC has reiterated warnings about fraudulent communications, with criminals increasingly impersonating the revenue service to threaten taxpayers about unpaid bills or offer fake rebates. Taxpayers are advised to remain vigilant and verify any suspicious communications through official channels.
The revenue body recently apologised for a short-lived technical issue that affected helplines earlier in January, emphasising its commitment to maintaining reliable services during this critical filing period.
