Lanarkshire residents were among the more than 11.5 million taxpayers who beat the Self-Assessment deadline to file their tax returns for the 2023 to 2024 tax year.
HM Revenue and Customs (HMRC) has revealed the number of people who filed their return on the January 31 deadline day, thus avoiding a £100 fine, was 732,498.
The most common time for filing was 4pm to 4.59pm, when 58,517 people filed.
Thousands left submitting their return until the very last minute, with 31,442 filing between 11pm and 11.59pm.
HMRC is urging anyone in Lanarkshire who has missed the deadline to file their tax return now and pay any tax owed.
One of the quickest ways to pay is via the free and secure HMRC app., while Time to Pay arrangements are available for those who cannot pay their tax bill in full.
Late filing and late payment penalties are charged for failure to meet the deadline.
Myrtle Lloyd, HMRC’s director general for customer services, said: “Thank you to the millions of people and agents who filed their Self-Assessment tax return and paid any tax owed by January 31.
“I’m urging anyone who missed the deadline, to submit their return as soon as possible to avoid any further penalties. Search ‘Self-Assessment’ on GOV.UK to find out more.”
The penalties for filing a tax return late are:
- an initial £100 fixed penalty, which applies even if there is no tax to pay, or if the tax due is paid on time.
- after three months, additional daily penalties of £10 per day, up to a maximum of £900.
- after six months, a further penalty of five per cent of the tax due or £300, whichever is greater.
- after 12 months, another five per cent or £300 charge, whichever is greater.
There are also additional penalties for paying late – five per cent of the tax unpaid at 30 days, six months and 12 months. Interest will also be charged on any tax paid late.
If someone regularly sells goods or provides services through an online platform, they may need to pay tax on their income.
Lanarkshire customers can find out more about selling online and paying taxes on GOV.UK by searching “online platform income” or by downloading the HMRC app.
The guidance will help them decide if their activity should be treated as a trade and if they need to complete a Self-Assessment tax return.
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