If you’re one of the 2.8 million people who still haven’t filed their 2012-13 tax return, you’ve only got until midnight on Friday, Janaury 31, to do it online and pay what you owe.
Returns received by HM Revenue and Customs (HMRC) after January 31 will result in a £100 late-filing penalty – even if you have no tax to pay, or you pay your tax on time. The more you delay, the more you pay, as you’ll be hit with further late-filing penalties after three, six and 12 months.
Recent research by HMRC showed that taxpayers in central London were more likely to file their return late than people in any other part of the country, with one in nine (11 per cent) failing to beat the deadline. This compared with only one in 17 late filers (6 per cent) in the South West of England – the most punctual region for tax returns.