HMRC deadline as thousands could be fined £100

Thousands of self-employed individuals and others with specific tax obligations risk a £100 fine if they miss the paper tax return deadline of 11:59 PM on October 31, 2025. This deadline applies to those who earned over £1,000 as a sole trader, were partners in a business, or had to pay Capital Gains Tax or the High Income Child Benefit Charge outside of the PAYE system. HMRC imposes penalties for late submissions, starting with a fixed £100 charge. Failure to file within three months can lead to additional daily penalties up to £900. After six months, the penalty increases to 5% of the tax owed or £300, whichever is greater, and after a year, another 5% or £300 charge is applied. These penalties can be avoided by submitting the Self Assessment tax return on time. To file a paper tax return, individuals need to download and print the SA100 form from HMRC. The required information varies based on e... download the app to read more