Summary
The UK's tax authority has extended phone and webchat services as the deadline for filing the 2024-25 tax returns approaches. Those who fail to file by the end of January 31 face automatic fines and further penalties. Millions have already submitted their returns, but there is concern about those who leave it to the last minute.
Key Facts
- The deadline for the 2024-25 tax returns is January 31.
- HM Revenue and Customs (HMRC) has opened phone lines and expanded digital support to help last-minute filers.
- Those who miss the deadline face a £100 fine, with additional penalties possible.
- Over 10 million returns have been filed, but many are expected to file on the last day.
- People with more than one source of income, like self-employment or property letting, must file a return.
- As of now, people earning over £150,000 are exempt if they didn't need to file for other reasons.
- Some taxpayers could miss out on tax relief for pensions or other schemes if they don't file correctly.
- Penalties for late filing can increase over time and may include additional charges and interest.
- Taxpayers should be cautious of scams from fraudsters pretending to be HMRC officials.
