www.independent.co.uk
HM Revenue and Customs (HMRC) is urging millions of customers to file their Self Assessment tax returns and settle any outstanding payments by January 31 to avoid penalties. Those who miss the deadline face an immediate £100 fine, with additional charges for late payments.
HMRC advises customers to complete their returns promptly rather than waiting until the last minute. To help with the process, they have provided checklists and guidance on their website, accessible via GOV.UK. Additionally, anyone new to Self Assessment should register by October 5 following the tax year in which they earned income to avoid missing future deadlines.
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