The BBC quote a spokesman for HMRC:
"On past experience we expect more people to register in the coming days. Although we are past the deadline, people should still register for self-assessment to minimise any penalties they may face."The penalty may be between 10% and 100% of the child benefit paid, in addition to refunding the appropriate amount.
However, in reality and despite the "off your backsides" warning, it is expected that anyone who signs up and pays the tax due by 31 January will not receive a penalty.
Tax does have to be taxing.
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