HMRC issues self assessment warning as 'three million tax returns still outstanding'

As the self assessment deadline draws nearer, HMRC has revealed that around a third of people have yet to file their tax return.

25 Jan 2018

As the self assessment deadline draws nearer, HMRC has revealed that around a third of people have yet to file their tax return.

According to the latest figures, as at 24 January around eight million people had completed their tax return, leaving just over three million returns still to be submitted.

It is thought that some 840,000 people missed the filing deadline last year.

‘The seven-day countdown has now begun,’ warned Angela McDonald, HMRC’s director general of customer services. ‘Put a stop to that niggling feeling and do your self assessment now.’

Those who submit their return after midnight on 31 January risk incurring a £100 fine, even if there is no tax to pay. Further penalties are then issued for prolonged delays.

Last year, HMRC announced plans to reform the current penalty system for late or missing tax returns. Under the proposals, which are subject to consultation, taxpayers who miss the deadline would receive driving licence-style points instead of an immediate fine.

Taxpayers would only then be penalised once their points reached a specified level.

Please contact us for assistance with your tax affairs.

Try a site search

About us

Ling Phipp was founded in 1974 and nowadays has two partners, six managers plus trainees and support staff.

We serve clients in the East Midlands and all over the UK. Our out-of-town location, with easy parking, close to the M1 junction 25 (Nottingham/Derby - A52), is very convenient.

Company details

0115 949 6838

Ling Phipp, Cliffe Hill House, 22-26 Nottingham Road, Stapleford, Nottingham NG9 8AA


© 2018 Ling Phipp. All rights reserved. We use cookies on this website, you can find more information about cookies here.

Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk, under reference number 6424855. This is the firm number provided by the Institute of Chartered Accountants in England and Wales.