31 January deadline met by more than 11.5 million people
Over 11.5 million people met the 31 January 2025 self-assessment deadline, but 1.1 million taxpayers missed it. If you're one of them, expect a £100 penalty. Learn about late fees and HMRC’s payment plan options to avoid further charges.
There are an estimated 1.1 million taxpayers that missed the deadline. Are you among those that missed the 31 January 2025 filing deadline for your 2023-24 self-assessment returns?
If you have missed the filing deadline then you will usually be charged a £100 fixed penalty if your return is up to 3 months late, regardless of whether you owed tax or not. If you do not file and pay before 1 May 2025 then you will face further penalties unless you have arranged to pay with HMRC.
If you are unable to pay your tax bill, there is an option to set up an online time to pay payment plan to spread the cost of tax due on 31 January 2025 for up to 12 months. This option is available for debts up to £30,000 and the payment plan needs to be set up no later than 60 days after the due date of a debt.
If you owe self-assessment tax payments of over £30,000 or need longer than 12 months to pay in full, you can still apply to set up a time to pay arrangement with HMRC, but this cannot be done using the online service.
Latest News
- Why flexible planning is advisable
10/03/2025 - More...
Flexible planning is essential for adapting to uncertainty, responding to challenges, and seizing new opportunities. The
- Changes to online filing of accounts at Companies House
10/03/2025 - More...
The Online Accounts and Company Tax Return (CATO) service is scheduled to close on 31 March 2026. This service has
- Tax Diary April/May 2025
07/03/2025 - More...
1 April 2025 - Due date for corporation tax due for the year ended 30 June 2024. 19 April 2025 - PAYE and NIC
Newsletter
With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!