Tag: self-assessment

 It’s a Self Assessment wrap for 40,000 festive filers

  • 4,409 Self Assessment customers completed their tax return on Christmas Day 
  • 40,072 filed their tax return over the Christmas break 
  • Customers encouraged to prepare and file their tax return ahead of January deadline

More than 4,400 Self Assessment customers avoided peeling the sprouts to file their tax return online on Christmas Day, HM Revenue and Customs (HMRC) can reveal. 

In total, 40,072 customers – as well as spending the three-day holiday indulging in usual Christmas pastimes of eating, drinking and watching festive favourites on the TV – found time to go online and wrap up their 2023 to 2024 tax return, well ahead of the 31 January deadline. 

Festive filing statistics show that over Christmas Eve, Christmas Day and Boxing Day: 

  • 15:00 to 15:59 proved to be the most popular time to file on the big day itself, with 368 filing their return  
  • 11,932 customers missed out on leftovers for lunch, submitting their tax return on Boxing Day, with the most popular time being 16:00 to 16:59 and 1,108 filing during that time. 
  • 23,731 filed on Christmas Eve instead of last-minute shopping and wrapping. The most popular time was 11:00 to 11:59 when 3,458 filed their tax return 

Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “People who need to file a Self Assessment return and already have, can enjoy the rest of the festive period knowing they’ve got it wrapped up for another year, and can enjoy singing Auld Lang Syne knowing their tax affairs are in order.

“For those who haven’t started yet, our online service is available 365 days a year so there’s still a chance to get it done before 2024 is out! Go to GOV.UK and search ‘Self Assessment’ to access the online help and start today.” 

Customers who have already submitted their tax return online have until the 31 January 2025 to pay the tax they owe. Those who file before 30 December may have the option of paying any tax owed through their PAYE tax code.    

The quickest and easiest way to pay a Self Assessment tax bill is via the HMRC app. For a full list of ways to pay, visit GOV.UK. 

For anyone who is yet to start their Self Assessment, there’s plenty of  information and guidance online, including YouTube videos, to help people complete their return. 

Anyone who regularly sells goods or provides a service through an online platform can find out more about  selling online and paying taxes on GOV.UK. The information will help them decide if their activity should be treated as a trade and if they need to complete a Self Assessment tax return. 

You may need to file a return if you:

  • are newly self-employed and have earned gross income over £1,000
  • earned below £1,000 and wish to pay Class 2 National Insurance Contributions voluntarily to protect their entitlement to State Pension and certain benefits
  • are a new partner in a business partnership
  • have received any untaxed income over £2,500
  • receive Child Benefit payments and need to pay the High Income Child Benefit Charge because they or their partner earned more than £50,000

Criminals use emails, phone calls and texts to try to steal information and money from taxpayers. Customers can find more information on how to identify a scam and access a checklist to help them decide if the contact they have received is a scam, on GOV.UK 

It’s a cracker! 3,275 file tax returns on Christmas Day

As millions of people enjoyed Christmas festivities this year, for 3,275 people Christmas Day was the perfect time to file their Self Assessment tax return, HM Revenue and Customs (HMRC) has revealed. 

A total of 22,060 customers went online to submit their form for the 2021 to 2022 tax year between 24 and 26 December, and 141 opted to file between 23:00 and 23:59 on Christmas eve, meaning they could enjoy celebrations knowing their tax return was complete.

The breakdown of figures for those who opted to file during the festive period are:

  • Christmas Eve: 8,474 tax returns were filed. The peak time for filing was between 11:00 and 11:59, when 888 returns were received. 
  • Christmas Day: 3,275 tax returns were filed. The peak time for filing was between 12:00 and 12:59, when 319 returns were received. 
  • Boxing Day: 10,311 tax returns were filed. The peak time for filing was between 12:00 and 12:59, when 953 returns were received. 

The deadline to file and pay any tax owed for the 2021 to 2022 tax year is 31 January 2023, and HMRC is urging customers to submit their tax return on time or they may face a penalty.

Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “We are grateful to those customers who have already filed their tax returns. For anyone who is yet to make a start, help is available on GOV.UK, just search ‘Self Assessment’ to find out more.”

Once customers complete their tax return, if they owe tax, they can find out about the different ways to pay including via the HMRC app at GOV.UK.

Those who are unable to pay their tax bill in full can access support and advice on GOV.UK. HMRC may be able to help by arranging an affordable payment plan, known as Time to Pay. Customers should try to do this online; go to GOV.UK for more information. Alternatively, they can contact the helpline. 

HMRC has a wide range of resources to help customers complete their tax return, including guidance, webinars and YouTube videos.

People need to be aware of the risk of falling victim to scams and must never share their login details which can be used to make fraudulent claims. Check HMRC scams advice on GOV.UK.

Find out more about Self Assessment.