Millions of taxpayers have two days to complete the tax return or get £ 100 fine

If you have not completed the declaration of your self -evaluation tax or have paid a tax due, you only have two days until the deadline. And if you do not act, you are confronted with a fine of £ 100.

The self-employed and everyone with non-tax income above £ 1,000 must submit their online self-evaluation tax return for the tax year ending on 5 April 2024, at 11.59 pm on January 31.

You must also submit a submission if you claim a child benefit if you or your partner earn more than £ 50,000, and if you earned more than £ 150,000 in taxable income.

HMRC said that 3.4 million taxpayers still had not yet submitted their tax return 2023/24 to go for a week until the deadline.

Tax theadline: Millions of taxpayers still have to submit their tax return before January 31

More people than ever have to complete a tax return of self -evaluation, since frozen thresholds yield more savings, dividend income and capital gain in taxes.

If your savings interest exceeds your personal savings benefit, which depends on your tax band, then you must pay your tax rate on the sum above, for example.

More people who are paid via Paye may also have to submit a tax return, because their total taxable income has risen above the threshold of £ 150,000 with which all earners must submit a tax return.

The tax office has increased its warnings to the growing number of people who have to submit a tax return this month.

Taxpayers will have to pay an initial fine of £ 100, and if it is not yet paid after three months, they will be confronted with extra penalties of £ 10 per day, up to a maximum of £ 900.

After six months, another 5 percent will be added to the amount due or £ 300, depending on which one is larger. And after 12 months, another 5 percent or £ 300.

If you have not yet submitted a tax return and you have to do this this year, you should register in October in October for self -evaluation. If you have not done this, you can receive a ‘non -Nalates’ fine, which will be a percentage of the tax that you owe.

If you have submitted a tax return in the last financial year, but you no longer have to do that, you must tell HMRC before the deadline.

If you hoped to complete a paper tax return tax return, you missed the deadline of 31 October 2024.

You must also pay your first payment for the 2024/25 before 31 January or Faces pay a late payment costs of 7.25 percent of the amount due, which will be produced daily.

If you cannot afford to pay the tax due, you must contact HMRC as soon as possible and try to arrange a payment plan.

> Who must submit a declaration of a self -evaluation?

Watch out for HMRC clay for the deadline

Taxpayers who still have to complete their tax return must also be aware of scammers who use fake HMRC -Emails and phone calls in the run -up until January 31.

Adrianus Warmenhoven, a cyber security expert at NordVPN, says: ‘Be careful with unsolicited phone calls, e -mails or SMS messages that claim to be from HMRC.

‘Do not forget that they will never contact you via telephone, e -mail or SMS to demand immediate payment, request sensitive information or to provide a refund link.

‘Any correspondence that encouraged immediate action or promises to solve tax problems quickly must immediately result in suspicion.

‘Cyber ​​criminals often use phishing -e -mails, fake websites and fraudulent telephone numbers to mislead individuals to reveal confidential details.

“Communication with poor grammar, generic greetings that do not use your name, or unusual formatting are clear red flags.”

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