The UK tax authority HMRC has warned that the taxpayers in UK who have not filed their 2013-2014 tax return yet must submit their return online. Otherwise they need to pay a penalty of GBP100 (USD160).
The deadline for paper-filing for the tax year 2013-2014 was October 31, 2014. Filing a late paper return will result in the penalty of GBP100 even if an individual has no tax to pay or pays the tax on time. Online returns need to be submitted by January 31, 2015. An individual is allowed to file tax return now and pay later but must pay any tax owed by January 31, 2015.
