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Four million still to file ahead of self assessment deadline

Four million customers are yet to submit their completed self assessment tax return and pay any tax owed ahead of the deadline on 31 January, according to HMRC.

26 Jan 2022

Four million customers are yet to submit their completed self assessment tax return and pay any tax owed ahead of the deadline on 31 January, according to HMRC.

More than 12.2 million customers are expected to complete a tax return for the 2020/21 tax year.

HMRC is urging the millions of customers yet to file their tax return and pay any outstanding liabilities to do so ahead of the deadline as interest will be applied to all outstanding balances from 1 February.

However, earlier this month, HMRC announced it will waive penalties for one month for late filing of tax returns and late payments. The changes mean:

  • anyone who cannot file their return by the 31 January deadline will not receive a late filing penalty if they file by 28 February
  • anyone who cannot pay their tax liabilities by the 31 January deadline will not receive a late payment penalty if they pay their tax in full, or set up a time to pay arrangement, by 1 April.

Myrtle Lloyd, HMRC's Director General for Customer Services, said: 'We know some customers may struggle to meet the self assessment deadline on 31 January which is why we have waived penalties for one month, giving them extra time to meet their obligations.

'And if anyone is worried about paying their tax bill, they can set up a monthly payment plan online – search 'pay my self assessment' on GOV.UK.'

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020 7794 5757

Numera, 4th Floor Charles House, 108-110 Finchley Road, London NW3 5JJ

Numera is a trading name of Numera Partners LLP | Company Registration No. OC365787 | Place of Registration: England & Wales | Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales.

About us

Numera is a newly established forward-thinking firm of chartered accountants, with over 25 years in experience of audit, accountancy, taxation and business advisory services.

We work with clients in a large variety of industries and sectors; from sole traders to multi-million pound turnover organisations. We aim to create and maintain a close relationship with our clients. By being so involved, we are able to identify opportunities for our clients as well as possible risks that our clients may be faced with.

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