With just one week to go till the 31 January Self Evaluation deadline, the three.8 million individuals but to file their tax return are being urged by the HMRC to behave now or danger going through a £100 penalty. 

HM Income and Customs (HMRC) says it’s anticipating greater than 12.1 million tax returns to be filed for the 2022 to 2023 tax 12 months together with any cost that’s owed. To this point greater than 8.3 million on-line returns have already been acquired. 

Myrtle Lloyd, HMRC’s Director Basic for Buyer Providers, stated: “If you’re a Self Evaluation taxpayer, now could be the time to take motion and get your return executed. Folks can familiarise themselves with the method by trying out HMRC’s on-line sources on GOV.UK. 

“As soon as a tax return is submitted, it’s simple to seek out out what’s owed and to pay on-line or utilizing the HMRC app. Simply search ‘pay my Self Evaluation’ on GOV.UK to seek out out extra.” 

For anybody unable to pay in full, HMRC needs to assist discover an reasonably priced strategy to pay the tax they owe. They can arrange a Time to Pay association and may learn the way to do that on-line, with out chatting with HMRC, in the event that they owe lower than £30,000. 

HMRC says that it’s fast and simple to pay Self Evaluation tax payments on-line or utilizing the HMRC app. A full listing of cost choices might be discovered on GOV.UK. 

You will need to let HMRC know of any adjustments to non-public particulars or circumstances, akin to a brand new deal with or identify, or if in case you have stopped being self-employed or your enterprise has closed. 

Anybody who thinks they now not want to finish a Self Evaluation tax return for the 2022 to 2023 tax 12 months, ought to inform HMRC– in order that they will subject a withdrawal discover – earlier than the deadline on 31 January 2024 to keep away from any penalties. HMRC has produced two movies explaining how to go surfing and cease Self Evaluation for individuals who are self-employed and people who are not self-employed. 

HMRC says that prospects want to concentrate on the danger of falling sufferer to scams and will by no means share their HMRC login particulars with anybody, together with a tax agent, if they’ve one. HMRC scams recommendation is accessible on GOV.UK.