New data has shown that those aged between 45 to 54 were the largest group of people to file a self-assessment tax return last year.
The HMRC analysis of the demographic data of the self-assessment population revealed that this accounts for 24% of all the tax returns submitted.
Interestingly, those aged 65+ accounted for 16% of individuals who submitted a tax return, whereas 16 to 24-year-olds made up 2.7% of total filers.
Figures also show that 62% of those who submitted a return last year were men, while 38% were women.
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Email JaimeHMRC predicts that more than 12 million people will file a self-assessment tax return for the 2021 to 2022 tax year, and those who are yet to submit theirs are being reminded that they have until the 31st of January to both complete and pay.
Myrtle Lloyd, HMRC’s Director General for Customer Services, said, “Time is running out for anyone who has yet to start their tax return – there is a wide range of guidance and webinars available online for those who need a helping hand. Just search ‘Self Assessment’ on GOV.UK to make a start.”
To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.
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