Finistry

5.65 Million Still Need to File Self Assessment Before 31 January

HMRC reminds millions of taxpayers to file their 2024/25 Self Assessment returns before the 31 January deadline. Late filing triggers automatic penalties.

HMRC has confirmed that approximately 5.65 million taxpayers still need to file their Self Assessment tax returns for the 2024/25 tax year. The deadline is 31 January 2026.

Key Numbers

MetricFigure
Returns already filed6.36 million
Still outstanding5.65 million
Expected total filers12+ million

Who Needs to Act

You need to file a Self Assessment return if you:

  • Are self-employed with trading income over £1,000
  • Are a CIS subcontractor
  • Have rental income from property
  • Have other untaxed income (dividends, savings over your allowance)

If you're unsure whether you need to file, use HMRC's Check if you need to send a Self Assessment tax return tool.

Late Filing Penalties

Missing the deadline triggers automatic penalties:

WhenPenalty
1 day late£100 fixed penalty
3 months late£10 per day (up to £900)
6 months late5% of tax due or £300 (whichever is greater)
12 months lateAdditional 5% or £300

These penalties apply even if you owe no tax.

What to Do Now

  1. File online at GOV.UK Self Assessment — you can save progress and return later
  2. Pay any tax owed by the same deadline (31 January)
  3. Set up a payment plan if you can't pay in full — use the HMRC app or online service
  4. Contact HMRC before the deadline if you genuinely cannot file in time — they may be more lenient if you reach out proactively

Looking Ahead: Making Tax Digital

From 6 April 2026, Making Tax Digital for Income Tax becomes mandatory for self-employed individuals and landlords with income over £50,000. This means quarterly digital reporting instead of annual returns.


Information accurate as of 7 January 2026. Verify current details on GOV.UK.

Official Sources

deadlineself-assessment

We use cookies to analyse traffic. Read our Cookie Policy