Self-assessment tax payers have until February 28 to submit their claims.

The deadline for 2019/20 tax returns was January 31, but HMRC waived the late payment charge so they're done by this Sunday.

Delaying the fines were aimed at helping those who were struggling to meet the deadline due to the third coronavirus lockdown.

But tax payers will still have been charged interest worth 2.6% of the amount every day until the payment is made from February 1.

A whopping two million people in the UK missed the end of January deadline this year, according to HMRC.

Tax returns will need to be filed online as those done by post or the bank will still incur the fee.

Late payments submitted after the Sunday deadline will be fined as normal.

However, HRMC said it will accept any disruption caused by coronavirus as a reasonable excuse.

You can calculate how much your fine will cost you on the GOV.UK website.

There is a Time to Pay arrangement which breaks down what you owe into monthly instalments to make it more affordable.

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HMRC says more than 97,000 people have already signed up for this arrangement, to be eligible you must:

  • You owe 30,000 or less
  • You do not have any other payment plans or debts with HMRC
  • Your tax returns are up to date
  • It's less than 60 days after the payment deadline (January 31)

You can choose how much to pay straight away or each month.

Also you could set up a payment plan online choosing how much you can afford.

But just remember you will be charged 2.6% interest on any tax that's outstanding after January 31.

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Before you can complete and submit your tax return, you will need to have a unique taxpayer reference (UTR) and activation code.

To sign in or register, visit the Self Assessment tax return section of the HMRC website.

Payments are accepted on the date you make them, not the day it reaches its account, including on weekdays.

For more information, visit GOV.UK website.

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