By Jonathan Davies

As many as 890,000 people are facing a £100 fine after failing to complete their tax self-assessment before the 31 January deadline, HM Revenue & Customs (HMRC) has said.

It is more than last year, but far below the 1.6 million figure set in 2010. The number of people completing their self-assessment on time increase, however, to 10.24 million.

The 890,000 people will face further fines if they do not complete the self-assessments within three, six or 12 months.

"This is another record-breaking year for self-assessment, with 210,000 more people filing their returns on time than last year," said Ruth Owen, HMRC's director general of personal tax.

"If you're one of the minority who missed the deadline, you still need to get your tax return to us as soon as possible, to avoid further penalties and interest mounting up."

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