From May, fines of £10 per day will be slapped on late tax filings
People who failed to file their tax returns by the January 31 deadline are set to face big penalties from tomorrow, May 1, if they are still to pay HM Revenue and Customs their due.
With less than 24 hours to go, anyone who has not yet filed their late tax accounts will have to 'get their skates on' if they want to avoid these eye-watering fines of well over £1000. According to HMRC figures, close to 1.1 million people failed to file their tax on time in January and could be fined further for missing the late-filing deadline.
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