Scots have been warned that the deadline for submitting their online tax returns and paying any owed money is less than five days away. Advice Direct Scotland has issued a reminder that people must complete the process and settle their tax bills to HM Revenue and Customs (HMRC) by midnight on Friday January 31, to avoid fines. Anyone registered for Self Assessment for the 2023/24 tax year must submit their completed form online and pay any tax owed by this deadline.
Missing the deadline could result in an automatic £100 penalty, which increases after three months, however, paying your tax bill late can also lead to fines - the amount depends on how much tax is owed and how late the payment is. Advice Direct Scotland offers a free tax helpline and website, taxadvice.scot , backed by HMRC, to help you understand your tax obligations.
If you need help navigating the self-assessment process, you can call a specialist adviser on 0800 756 3381. Andrew Bartlett, chief executive of Advice Direct Scotland, said: “Time is running out. There’s not much time left to get your self-assessment return in order and pay any tax you owe to HMRC, so if you have been putting it off, you should act now.
“If you don’t meet the deadline at the end of this month, you will start to accrue fines on top of your 2023/24 tax bill, which will get steeper the longer you delay. “If this is the first time you’ve gone through the process, don’t worry - our advisers can assist people struggling t.
