Time is running out for customers who still need to file their Self Assessment tax return and avoid a penalty, HM Revenue and Customs (HMRC) has warned.
The deadline for submitting tax returns was 31 January 2022 but, this year, HMRC gave customers extra time to complete their 2020 to 2021 tax return. They have until 28 February to file their return to avoid a late filing penalty.
About 12.2 million customers are expected to file a tax return for 2020 to 2021 tax year and more than 10.2 million were received by 31 January.
About 1.5 million customers have just one week left to complete their late tax return.
HMRC has given customers until 1 April to pay their outstanding tax bill or set up a time to pay arrangement to avoid receiving a late payment penalty. Interest has been applied to all outstanding balances since 1 February.
The existing Time to Pay service allows any individual or business who needs it, the option to spread their tax payments over time. Self Assessment taxpayers with up to £30,000 of tax debt can do this online once they have filed their return. Almost 100,000 customers have used this service since April last year, spreading the cost of their tax bill into manageable monthly instalments.
If customers owe more than £30,000, or need longer to pay, they should call the Self Assessment Payment Helpline on 0300 200 3822.
