Online Self-Assesment

January 19th, 2015

With the deadline coming up for online self-assesment, The Telegraph has given an update on key information and in particluar the £100 fine looming for anyone late submitting their details.

The deadline for filing the online self-assessment forms is midnight on January 31, but those who have are filing online for the first time and have not registered their details with HM Revenue & Customs (HMRC) need to do so by January 21.

This is because it takes seven to ten days for the online account to be set up.

An activation code needs to be posted and can take ten days to arrive.

A spokesman for HMRC said: “Waiting for anything to be received by post becomes more serious the closer we come to the end of January and this is why we try to warn customers to check they have everything they need to file online by the 21st at the latest – even if they don’t intend to submit this until closer to the deadline.”

Those who have forgotten their log in details from last year will be able to retrieve them via email.

The fine for filing tax returns late stands at £100. The taxman is currently emailing 650,000 with reminders to submit their forms.
In total HMRC estimates 3.5 million have yet to file. So far 5.6 million tax returns have been completed online, it said.

Over one million paper tax returns were made before the deadline expired last October.

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