If you missed the deadline for filing a tax return for individuals? Here is what you need to know

Approximately 750 thousand British have missed the deadline for filing an annual tax return of individuals (self-assessment tax return). If you are one of them, here is what you need to know.

According to the information of Her Majesty's Revenue and Customs (HMRC), 10.7 million people filed tax returns on time and 758,707 filled them on the last day. The last day for filing a tax return and payment of assessed taxes in the 2016/2017 tax year was January 31st. If you missed this deadline, you will be fined up to £150.

"I missed the deadline for filing an annual tax return, what should I do?"

If you are one of 745 588 people who missed the deadline for filing a tax return, fill it out online. By sending the declaration by mail, you will pay a maximum penalty (£900), because the deadline for sending the declaration by mail expired on October 31st, 2017.

So, you should as soon as possible:

fill out the tax return online. It is filled for the fiscal year 2016/2017;

pay the assessed tax. You will have to pay the tax that you owe for 2016/2017, and in most cases pay a fee for what you owe for 2017/2018.

To complete the online declaration, you need to be registered with Government Gateway or Gov.uk Verify (you are registered if you filled out the declaration earlier). You can register on the Gov.uk website to fill out the declaration.

Filling out the declaration for the first time, you need to register to enter the system on Gov.uk. Do this as quickly as possible, since it may take up to ten days for the activation code to be obtained. This process cannot be accelerated if you missed the deadline for filing the declaration and if you were not registered earlier. It is important to note that since January 13th, 2018, HMRC does not allow Britons to pay with a personal credit card, but it is possible to pay in other ways, including bank transfer and debit card.

"What if I cannot pay the tax?"

If your tax is calculated correctly, but you cannot pay it, contact HMRC as soon as possible to avoid a fine for delaying the fee. You can agree to pay it in installments. Contact HMRC at 0300 200 3822. The line is open from Monday to Friday from 8:00 to 20:00, and on Saturdays and Sundays from 8:00 to 16:00.

"What penalty do I face for delaying the declaration?"

If you are late to file a declaration and pay the assessed tax, here are the fines you will get:

if you did not fill in the declaration on time, the penalty will be £100. If you are more than three months late, you will be charged another £10 for each day of delay, but not more than 90 days;

if you have not paid the tax on time, you will pay a fine of £50 and 3% of the amount you owe. If you delayed it for more than six months, another £50 fine will be taken from you.

The government provides an online calculator for calculating the amount that you will have to pay in fines and interest if you miss the deadline. If you are to be fined, you will receive a receipt by the end of February. If you do not pay the fine, the HMRC will take action against you, including the withdrawal of debt from your earnings and even a judicial decision. To avoid this, contact HMRC as soon as possible to agree on additional time for payment or payment in installments.

"Can I file an appeal?"

You cannot file an appeal, but you can try talking to a HMRC representative as soon as possible to explain why you missed the deadline. You will need a serious excuse. As a rule, compelling reasons are unforeseen circumstances or a situation that you cannot control. For example:

your partner or close relative died shortly before filing a tax return or payment;

an unexpected stay in the hospital prevented you from paying tax;

you had a serious or life-threatening illness;

your computer or software did not allow you to fill out the declaration;

the HMRC online service had problems;

unforeseen circumstances, such as flood or theft, did not allow you to fill out the declaration.

HMRC stated that the cancellation of the fine "depends on individual circumstances." If you have a reasonable excuse for the delay, contact HMRC on 0300 200 3822 as soon as possible to ask for additional time to file the declaration and payment of taxes.

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