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.

read other news here

UK deadline tax_return individuals HMRC
If you notice an error, highlight the text you want and press Ctrl + Enter to report it to the editor
3 views in september
I recommend
No recommendations yet

Comments

Comments are designed to communicate and discuss the features of an enterprise or event, as well as to find out the interesting questions on it.

Society
The U.S. and President Donald Trump has slapped a 15 per cent tariff on all steel and aluminum it receives from Canada, and if that rises to 25 per cent as has been threatened, it will cost more for the city to build its bridges and buildings with steel from the U.S. “We are trying to estimate a worst-case scenario,” said city treasurer Anna Lisa Barbon. “If there is a significant tariff increase, what impact would it have?” While the tariff is on steel sh...
Society
A teenage girl was raped in broad daylight in an east London park, police have said. The Met's child abuse and sexual offences command is investigating the attack, which happened in West Ham Park on Tuesday. The female victim was attacked by a man close to the entrance opposite FairlandRoad, Scotland Yard said. It happened at about 4pm. No arrests have yet been made. West Ham Park, which dates back to the 16th century,is run by the City of London Corporati...
Society
The number of homes in London will need to rise by a quarter within 25 years to cope with its rising population,official figures showed today. In a dramatic indication of the scale of the challenge, the Office for National Statistics said an extra 844,000 new households will be formed here by 2041 if current trends continue. That amounts to a 24 per cent increase on the existing total and would give London — which now has about 3.4 million households — a n...
Society
Earlier this summer, Yoshua Bengio, the McGill-based Artificial Intelligence pioneer and one of the world’s leading authorities on neural networks and machine-learning, added his name to a growing global list of experts and laboratories in the field that are pledging to have no role in the creation of what are called “lethal autonomous weapons” (LAWs). The signatories’ premise is as benign as it is unsound: that machines must never be given the authority t...
Society
Mayor of London Sadiq Khan has said he cannot be sure when Crossrail will be complete. Mr Khan said he will talk about a revised timetable at some stage, but only when he has confidence in it. It was announced on August 31 that the capital's new east-west railway would open in autumn 2019 rather than December this year. Mr Khan previously revealed that he only learned of Crossrail's delay two days before the announcement. The mayor was asked on BBC Radio L...
Society
Just weeks into a new school year, Western University and its roughly 1,650 faculty members are locked in a contractdispute, with faculty taking a strike vote among its members. But if there’s potential for labour disruption, it’s news to many students still easing into their new academic routines. “We literally had no clue,” said Melissa Trueman, a fifth year student at the university. “Students are trying to accomplish a goal but they can’t do it if thei...
Society
A large group of Uber Eats drivers blocked a road in east London today as they staged a protest over pay. Protesters said it was a spontaneous show of action against the company, as drivers claimed rates for every delivery had been reduced without it being agreed first. An Uber Eats spokesman said the firm has made changes to its payment structure in London in response to feedback from couriers. "As we transition to the new system, we're introducing minimu...
Crime
A gunman has open fired on a north London street, leaving two injured and reported holes in a taxi window. Armed police were deployed to Islington on Thursday evening, at about 9.30pm, after witnesses reported hearing gun shots and people running from the area. The suspect then fled the scene, on Essex Road, police said. Officers found two people – a 34-year-old woman and a 40-year-old man – suffering from minor injuries. The woman, police added, was taken...
Society
A businessman and his family were targeted in an arson attack which police are treating as a suspected race hate crime. Mac Karlekar, 44, and his wife and 15-year-old son fled their home in Orpington after their hedge was set on fire. Mr Karlekar has told how he was woken up in the early hours of the morning by neighbours, who were alerted by the “uncontrollable” barking of their dog Maggie. The neighbours opened their window and saw the blaze, then they c...