HMRC urges customers to file their Self Assessment tax returns ahead of the 31 January 2025 deadline to avoid a £100 late filing penalty. More than 7.4 million Self Assessment customers have already filed their tax return for the 2023 to 2024 tax year.
With sole traders and small businesses struggling due to lower consumer spending, higher rates and other overheads, higher wage costs and the looming Brexit uncertainty, saving may seem like an extravagance that many just cannot afford.
