HM Revenue & Customs (HMRC) announced that, with the Self Assessment deadline of 31 January 2026 approaching, 5.65 million taxpayers still need to file their returns after 6.36 million have already submitted. In the final 48 hours before the cut‑off, 54,053 people filed, including 342 who submitted in the last hour of 2025 and 1,994 during 16:00‑16:59 on New Year’s Day. Those who miss the deadline face an initial £100 fixed penalty and, after three months, daily £10 penalties up to £900. Additional 5 % or £300 penalties apply at six and twelve months, with interest on unpaid tax. From 6 April 2026, sole traders and landlords with turnovers above £50,000 will be required to use Making Tax Digital for Income Tax.
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Original source: https://www.gov.uk/
https://www.gov.uk/government/news/565-million-still-to-file-as-the-self-assessment-deadline-looms
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