More than 1,000,000 people in the UK are about to get a £100 fine

Self-employed radical person conscionable missed an important taxation deadline.

For those workers who record self-assessment taxation returns, the deadline to taxable the instrumentality and wage immoderate taxation owed was midnight connected Friday, January 31.

HMRC says much than 11.5million radical filed their instrumentality connected clip this twelvemonth – including astir 31,000 who near it until the past infinitesimal and filed successful the past hr earlier midnight – but determination are inactive astir 1.1million radical retired determination who missed the deadline.

Those radical are present facing a £100 good for submitting their self-assessment taxation instrumentality late.

But it’s hoped that immoderate self-employed workers who were incapable to taxable their instrumentality owed to the Barclays outage this weekend volition beryllium capable to entreaty that good if they were genuinely impacted.

Charlene Young, a pensions and savings adept astatine AJ Bell, said: ‘HMRC estimates that 1.1million radical failed to record by the deadline risking £100 precocious filing penalties, a imaginable windfall for the taxman of £110million.

‘After Barclays suffered a systems-wide outage connected Friday January 31, immoderate taxpayers who held connected to their currency until the past infinitesimal oregon were waiting for payday could person recovered they were incapable to nonstop money.

‘HMRC is said to beryllium moving with Barclays and reassured those genuinely affected volition beryllium capable to entreaty immoderate precocious outgo fines done the accustomed channels.’

HMRC is present urging anyone who missed Friday’s deadline to taxable their instrumentality arsenic soon arsenic possible.

Paying via the HMRC app is 1 of the quickest mode to wage immoderate taxation owed, it said, but if incapable to wage disconnected the afloat taxation measure consecutive distant it could beryllium imaginable to acceptable up ‘time to pay’ arrangements’.

Penalties for missing the deadline see an archetypal £100 fixed penalty, which applies adjacent if determination is nary taxation to pay, oregon if the taxation owed is paid connected time.

The archetypal punishment tin beryllium followed by, aft 3 months, further regular penalties of £10 per day, up to a maximum of £900.

After six months, determination could beryllium a further punishment of 5% of the taxation owed oregon £300, whichever is higher, and aft 12 months different 5% oregon £300 charge, whichever is greater.

There are besides further penalties for paying precocious – 5% of the taxation unpaid astatine 30 days, six months and 12 months – with involvement charged connected immoderate taxation paid late.

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