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One Million Miss UK Tax Return Deadline, Face Penalties
An estimated one million people in the United Kingdom missed the deadline to file their tax returns, according to HM Revenue and Customs (HMRC). The deadline for the 2024-25 tax year was at midnight on Saturday, February 1st, 2026.
HMRC reported that 27,456 people filed their returns in the final hour. While a significant number, it was well below the 11.48 million people who filed on time. The busiest hour for online self-assessment submissions was between 17:00 GMT and the deadline. In total, 475,722 people filed on the final day. Those who missed the deadline now face penalties. HMRC had extended helplines and webchat services over the weekend to assist filers.
In other business news, PepsiCo announced it would cut prices on some of its snack products in the United States following backlash against previous price hikes. Products like Doritos, Lays (known as Walkers in the UK), and Cheetos will see price reductions this week. The company stated it was "listening closely to customers" who are "feeling the strain" of the rising cost of living. The move also comes as food companies reckon with the growing popularity of GLP-1 weight loss jabs like Wegovy and Ozempic, which can lead to reduced appetites. The price of Doritos is expected to drop by just under 15%.
Meanwhile, credit card interest rates remain high, averaging nearly 23%, according to CBS News. Experts suggest that borrowers explore options to lower their rates, as carrying balances can lead to rapidly compounding interest charges.
Apple's latest MacBooks are currently available with discounts at various retailers, as is the Mac Mini, according to The Verge.
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