Nearly 900,000 miss self-assessment deadline
Around 900,000 people will face fines for failing to hand in their self-assessment tax-forms on time, according to government figures released today.
Those who failed to submit the forms before 31 January this year will face an automatic £100 fine, which could net the Inland Revenue £90m. Overall 8.58m forms, out of 9.47m sent out, were returned on time.
Self-assessment forms that missed the deadline will also be open to full investigation by the Inland Revenue for up to 15 months, as opposed to the normal enquiry period of 12 months.