- By Buckinghamshire Business First
- 13 January, 2025
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Ahead of the online filing deadline of January 31st, HMRC is urging people to file their tax return for the 2023-24 tax year, with lots of tools and resources available to help.
As of 6th January, 5.4 million people still needed to complete their Self Assessment and pay any tax owed to avoid penalties.
HMRC has revealed that more than 24,800 people filed their return on 1st January, while 38,000 filed on 31st December, including 310 people who filed their tax return between 11pm and 11.59pm on New Year's Eve!
Below you will find information, support and links to help you complete a Self Assessment return, or learn whether you need to file one or not.
Firstly, beware of scams
Be aware of the risk of falling victim to scams that mention HMRC and tax returns. Never share your HMRC login details with anyone. HMRC provides advice on how to identify and deal with scams.
When is the Self Assessment tax return deadline?
This depends on how you submit your return:
- For online tax returns, the deadline is January 31st 2025.
- For paper tax returns, the deadline was October 31st 2024.
Important: January 31st 2025 is also the deadline for paying any tax owed. There’s usually a second payment deadline of July 31st if you make advance payments towards your bill (known as ‘payments on account’).
Penalties for late filing and paying tax owed
Penalties for late filing start with a fixed £100 penalty, with greater financial penalties coming after 3, 6 and 12 months, depending on how late the return is filed. There are also penalties for paying any tax owed late, with interest also charged on any tax paid late.
Check if you need to send a Self Assessment tax return
If you're not sure if you are still required to complete a Self Assessment return, you can check via this online tool and learn more details here.
People who sell via online marketplaces such as eBay and Etsy may also need to complete a tax return if they sell 30 items or more a year or have total earnings over £1,700.
How to submit your tax return
People can submit their tax returns and pay any tax owed by logging into their Government Gateway account on GOV.UK. You'll also need your Unique Taxpayer Reference number.
For details on how to log in, or how to set up a Government Gateway account if you have yet to do so, visit the 'File your Self Assessment tax return online' page on GOV.UK.
Are you completing a tax return for the first time?
You must tell HMRC if you need to complete a tax return and have not sent one before. You can do this by registering for Self Assessment here.
If you didn't send a tax return last year
If you’ve registered for Self Assessment before but did not send a tax return last year, you must register again to reactivate your account.
Are you a sole trader? Check what taxes may apply to you
Aimed at supporting new and existing sole traders to better understand their responsibilities, a new interactive tool from HMRC explains the records they may need to keep, taxes that may apply to their business, and other useful information such as how to pay a tax bill.
If you want the tax you owe to be collected from your wages or pension
You must have submitted your online return by December 30th if you want HMRC to automatically collect tax you owe from your wages and pension. Find out if you are eligible to pay this way.
Need help with your tax return?
There are lots of tools and resources available to help, including:
- HMRC's digital assistant - the assistant will help you find information, and if you can’t find what you’re looking for you can ask to speak to an adviser
- Guidance notes and help sheets with a wealth of information
- A series of video tutorials
- Live and recorded webinars
- Download the HMRC app
- Subscribe to HMRC email updates for the latest information on Self Assessment
Do you need technical support?
Find technical support for help signing into HMRC online services.
Do you need extra or specialist support?
You can get extra support if your personal circumstances make dealing with taxes and tax returns difficult. For example, if:
- you have dyslexia, autism or cognitive difficulties
- you have reduced mobility or physical disabilities
- you have sensory disabilities, like a visual, hearing or speech impairment
- you have mental health conditions, like depression, stress or anxiety
- you’re experiencing financial hardship - for example you cannot afford essentials like food, bills or rent (you may be able to pay in instalments)
- you’re a victim of domestic abuse, including economic abuse
- you're a refugee or migrant
- English is not your first language and you require an interpreter
- you’re receiving treatment in hospital
For support on the above, you can contact a voluntary or community sector organisation who can provide you with help and advice, or contact HMRC via the links here.