Nearly two million people missed the 31 January filing deadline for tax self-assessment according to HMRC.
Figures revealed last week show that 10.7 million people submitted their self-assessment 2019 tax return on time. But a record 1.8 million were late with their return – almost double last year’s figure.
Late filers will not be charged the normal £100 penalty, provided they submit their return online by 28 February.
However, they will be charged interest daily from 1 February.
AAT lobbied for the filing deadline to be delayed because of the exceptional pressures of coronavirus and Brexit.
Phil Hall AAT’s Head of Public Affairs and Public Policy, warned in an opinion article:
“As a result of the coronavirus (Covid-19) pandemic, the situation will likely be much worse this year and late filings will rise dramatically.”
However, HMRC opted for a compromise. Rather than send a message by moving the deadline, it chose a compromise of keeping the deadline, but opting not to enforce penalties.
David Nunn is Content Manager at AAT.