MoneySavingExpert newsletter : “HMRC is waiving £100 fines for people who file returns after the January 31 deadline but by the Feb 28 cut-off. “But 2.6% interest is still charged on outstanding tax from February 1, so many should consider paying an estimate ASAP even if they haven't done their return, and fail to do it before March 3 there's a 5% fee on top."Most UK workers don’t need to worry as their taxes are automatically deducted from their wages via PAYE.So they don’t need to file any returns.But, tax returns are due from some child benefits claimants, the self-employed and those who have earned extra untaxed income.HMRC claims that those who are not yet able to file their tax return should pay an estimated amount ASAP.This will.
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