An estimated 1.1 million taxpayers missed the January 31st deadline – now facing automatic £100 penalties!
- 1.5 million people successfully filed their returns, including 31,000 in the final hour, those who missed the deadline now risk escalating fines
- Platforms like eBay and Vinted must now report sellers earning over £1,700 or selling more than 30 items
- Penalties escalate quickly, £10 daily penalties kick in after 3 months (up to £900), plus 5% of tax due or £300 (whichever is greater) at both 6 and 12 months
- HMRC has denied claims that its phone service is deliberately poor to push taxpayers online.