While Christmas already feels like it was months ago, latest stats reveal taxpayers’ self-assessment habits over the festive period.
Festive filing
With just a few weeks to go until the self-assessment deadline, many people took advantage of their time off over the festive period to get up-to-date with their admin.
Findings from HMRC show that as many as 37,435 people filed their tax return over the three days from Christmas Eve to Boxing Day.
The figures show that on:
- Christmas Eve, 22,350 tax returns were filed. The peak time was between 11:00 – 11:59 when 3,159 people submitted theirs.
- Christmas Day, 4,606 tax returns were filed. The peak time was between 13:00 – 13:59 (359 were submitted).
- Boxing Day, 10,479 tax returns were filed. The peak time was between 15:00 – 15:59 (946 were submitted).
Need help deciding between Limited or Umbrella? We are happy to help- give Sophie a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com
Just 22 days to go until deadline date
The deadline date to file and pay any tax owed on self-assessment is on the 31st of January, which is just 22 days away.
HMRC is urging those who haven’t already to file now to avoid incurring penalties.
For those who do not have the funds to pay in full, there is the option to set up a payment plan to help spread the costs.
The Time to Pay arrangement can be set up online, and for those with bills of up to £30,000, this can be set up without even needing to contact HMRC.
However, this payment plan cannot be set up until a self-assessment tax return has been filed, so to avoid late payment penalties, it’s best to file as soon as possible.
To find out more about contracting, please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.
Trusted by over 1,000 contractors |