Approximately 1.1 million individuals in the UK were unable to submit their annual self-assessment tax returns by the 31 January deadline, facing a minimum penalty of £100 from HM Revenue and Customs (HMRC). While over 11.5 million managed to file on time, last-minute filing surged, with over 31,000 completing submissions in the final hour. Recently, Barclays' IT issues created complications, but the bank assured customers that they would not incur losses due to this. HMRC emphasized the importance of filing promptly to avoid escalating fines that accumulate over time.
"Myrtle Lloyd, HMRC's Director General for Customer Services, thanked those who managed to meet the deadline and urged late filers to submit returns swiftly to minimise the impact of penalties."
"Barclays has since assured customers that no one will be left out of pocket as a result of its technical issues, which delayed some tax payments on Friday."
Collection
[
|
...
]