HMRC is urging UK households to complete their Self Assessment tax returns early, warning that penalties will be issued for late submissions. The tax department, under the Labour government, has released a video highlighting the benefits of filing on time.
Benefits of Early Filing
In a post on X (formerly Twitter), HMRC stated: "Ice cream in hand, tax return done. Don't just take our word for it – watch our video to hear from some of our customers about the benefits of filing your #SelfAssessment tax return early." The message added: "Give yourself the gift of peace of mind this summer. Get started today."
The accompanying video features taxpayers who successfully submitted their returns ahead of the deadline. One individual admitted to procrastinating but is making an effort to file earlier this time. Another typically files in autumn for the following January, while a third waits until the week of the online deadline in January.
How to File
Self Assessment tax returns can be filed online if you are self-employed or if you need to submit a return for other reasons, such as rental income. You can file from 6 April following the end of the tax year. The deadline for submission is 31 January, and failure to meet it results in penalties.
If you have not filed before or did not need to submit a return for the 2024 to 2025 tax year, you must notify HMRC by 5 October. You can register for Self Assessment, and HMRC will send a letter or email with a three-month deadline from the date of that communication.
Tax payments must be made by 11:59 pm on 31 January 2027, or a penalty will apply. Early filing is recommended to avoid last-minute stress and ensure compliance.
