HMRC App Sees Surge in Tax Payments Ahead of Deadline
Nearly 340,000 individuals have utilised the HMRC app to settle their Self Assessment tax bills, marking a substantial increase of 65% compared to last year. As the deadline of 31 January approaches, tax authorities urge those yet to file to act promptly to avoid penalties.
Increase in App Usage
Since April 6, 2025, the number of taxpayers using the HMRC app for their Self Assessment payments has seen significant growth, with an increase of approximately 132,788 users from the previous year. This rise underscores the app’s growing popularity for its convenience and efficiency.
Filing and Payment Deadlines
Taxpayers are reminded that all Self Assessment tax returns for the 2024 to 2025 tax year must be submitted by January 31, 2026. Failure to do so could result in an automatic £100 penalty. HMRC is encouraging individuals who have yet to file to visit the GOV.UK website for guidance and support.
Importance of Early Filing
Getting tax returns done early allows individuals to ascertain their tax obligations sooner, reducing last-minute stress. The HMRC app also facilitates payment and enables users to set reminders to ensure they meet the approaching deadline.
Potential Penalties for Late Filing
HMRC anticipates that over 12 million tax returns will be filed by the deadline. Individuals who miss the submission date will incur penalties, which include:
- An initial £100 fixed penalty, applicable even if no tax is owed.
- Daily penalties of £10 after three months, capping at £900.
- 5% of the unpaid tax, or £300, whichever is higher, after six months.
- A similar penalty after twelve months.
In addition, late payments attract further charges of 5% after 30 days, six months, and one year, along with accruing interest on unpaid amounts.
Support Available for Taxpayers
Those needing assistance can access a variety of resources available online, including YouTube resources, webinars, and a digital assistant designed to guide them through the Self Assessment process. HMRC representatives are also available by phone during business hours up until the filing deadline.
Changes for Child Benefit Taxpayers
The introduction of the High Income Child Benefit Charge (HICBC) now allows many taxpayers to manage their liabilities through their PAYE tax codes rather than having to file under Self Assessment. Eligible individuals can notify HMRC of their preference and potentially streamline their tax responsibilities.
Conclusion
As the deadline rapidly approaches, taxpayers are encouraged to take advantage of the tools and support offered by HMRC to ensure compliance and avoid the penalties associated with late filing and payment. With resources readily available, there is ample opportunity for individuals to navigate their tax responsibilities effectively.
Source: official statements, news agencies, and public reports.
https://www.gov.uk/government/news/65-rise-in-self-assessment-payments-via-the-hmrc-app
