HMRC warning as thousands of people risk £100 fines

Many people need to act in the coming weeks, or face a penalty from HMRC

An estimated 335,000 people need to act before the end of October, or they could be fined £100 by HM Revenue and Customs (HMRC). Anyone who needs to submit a paper self-assessment tax return needs to do so by the end of the month.

Ahead of this looming deadline, CEO of TotallyMoney, Alastair Douglas, has shared where people can access support in doing so, if they need it. He said: "For some with vulnerabilities or in special circumstances, physical forms might be easier. This can include having dyslexia, autism, or a similar condition, sensory disabilities, or other health conditions such as stress and depression. And if this includes you, then contact HMRC’s extra support team for assistance.

“They’re specially trained, and can guide you through the process with a video appointment or phone call — you’ll just need to mention your situation when contacting the HMRC helpline or webchat. You can also designate somebody to deal with HMRC on your behalf, and this doesn’t just have to be a tax or accountancy professional or voluntary organisation, but can also be a close friend or family member who you trust. There are forms available so don’t hesitate to get support if you need it.”

The October 31 deadline is only for those filing a paper return. If you're submitting yours online, you have until January 31, 2025, to do so. If you miss the relevant deadline, you could be hit with a £100 fine.

Self-assessment tax returns are necessary for people who have earned untaxed income such as those who are self-employed or a sole trader and earned more than £1,000. People who earn a total taxable income of more than £150,000, those who need to pay Capital Gains Tax or the High Income Child Benefit Charge also need to file a return.

It’s important to note that this is just the deadline to submit your tax return. The deadline for paying your tax bill on self-assessment returns is midnight on January 31, 2025.

People who make advance payments will also have a second deadline of July 31 next year while those who are late on their payments face penalties that they may be able to appeal only if they have a reasonable excuse.