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Self-assessment tax payers have few days left to file return to avoid £100 fine
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dailystar.co.ukcoronavirus lockdown.But tax payers will still have been charged interest worth 2.6% of the amount every day until the payment is made from February 1.A whopping two million people in the UK missed the end of January deadline this year, according to HMRC.
Tax returns will need to be filed online as those done by post or the bank will still incur the fee.Late payments submitted after the Sunday deadline will be fined as normal.However, HRMC said it will accept any disruption caused by coronavirus as a reasonable excuse.
You can calculate how much your fine will cost you on the GOV.UK website.There is a Time to Pay arrangement which breaks down what you owe into monthly instalments to make it more affordable.
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