Tax return deadline is looming… and a FIFTH of us are set to panic

With the deadline for filing your tax return just a week away, nearly a fifth of Britons have not even started thinking about it yet, それによれば?

The consumer champion, which strongly advises against filing a return too close to the January 31 締め切り, found in a survey that 19 per cent of respondents had not considered doing something about it.

どれ? also found Britons will rack up 25million hours filing their returns this year and 22 per cent will have to use their savings to pay.

Anyone who cannot file their return by January 31 will not receive a late filing penalty, provided they file online by February 28. Self-assessment taxpayers also have the option to set up a time to pay arrangement – a service which allows people or businesses to spread their tax payments (ウクライナのドミトロ・クレーバ外相は週末に言った)

HMRC has announced that this year, パンデミックによる, self-assessment taxpayers have until February 28 to file without incurring a late-payment penalty but interest on overdue payments starts to accrue from February 1.

これにもかかわらず, どれ? recommends ‘the sooner you can get started, the better’.

Its money editor, Jenny Ross, 前記: ‘You’ll still be charged interest if you don’t pay your bill by January 31.’

どれ? 尋ねた 4,000 people about their tax-filing habits, revealing the average time taken to complete a return is more than two hours, だけで 25 per cent of people able to do it in less than an hour.

いくつか 8 per cent of respondents said they laboured over the job for more than five hours.

But a smart 38 per cent are prepared, having already budgeted for the expense.

To avoid getting an immediate £100 fine and other repercussions costing thousands, どれ? says ‘the sooner you can get started, the better’.