HMRC has estimated that around a million people missed the 31 January 2026 Self Assessment tax return filing deadline.
As usual, there was a significant rush on deadline day itself with nearly half a million people filing on 31 January, including more than 27,000 between 11pm and midnight.
If you missed the deadline
Anyone who has yet to file their return should do so as soon as possible. HMRC applies a fixed £100 late filing penalty immediately, even if no tax is owed.
Further penalties apply the longer the return is outstanding:
- After three months: £10 per day (up to £900).
- After six months: 5% of the tax due or £300, whichever is higher.
- After 12 months: another 5% or £300.
There are also penalties for paying tax late - 5% of anything unpaid at 30 days, six months and 12 months - plus interest.
If you need help filing your tax return, please get in touch. We would be happy to help you.
What’s coming next
Making Tax Digital for Income Tax will start from April 2026 for many sole traders and landlords.
From 6 April 2026, Making Tax Digital (MTD) for Income Tax becomes mandatory for sole traders and landlords with qualifying income over £50,000.
MTD involves keeping digital records and sending quarterly updates to HMRC.
If you need help getting ready for MTD, please get in touch. We can help you with all aspects of MTD, including choosing suitable software, bookkeeping and submitting the quarterly updates and end of year return.
See: https://www.gov.uk/government/news/1148-million-beat-the-self-assessment-deadline