Well over half a million taxpayers are set to be hit with daily fines of £10 after failing to file their tax returns, The daily fines of £10 start from the 1st May.
An estimated 650,000 to 850,000 self-assessment taxpayers still have not given HM Revenue and Customs (HMRC) annual tax returns for the 2017-18 tax year.
The Tax Office deadline for the tax returns was January 31 2019.
HMRC sent out automatic £100 penalties to around 850,000 people by February 20, boosting tax coffers by some £85m.
The defaulting taxpayers were then given three months to file their tax returns.
However, it is believed that hundreds of thousands have still to complete their forms.
On May 1, three months after the January deadline, a new daily fine will be levied on those who have not processed the form.
In addition to the earlier £100 penalty, they will be hit with the daily £10 fine, up to a maximum of £900.
An HMRC spokesman said: “Anyone who hasn’t yet sent their 2015-16 tax return to HMRC will have already incurred a £100 late-filing penalty.
“Non-filers have to file to avoid further penalties or contact us to ask to be taken out of self-assessment, and provided they meet the criteria, we will take them out of SA and cull any penalties incurred.”
Those who allow the filing delay to extend beyond six months are handed another £300 fine or 5% of the tax due, whichever is higher.
HMRC is then entitled to give those who fail to file within 12 months a tax demand up to 100% of the tax due instead.
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