Number of ‘early bird’ taxpayers on the up

Latest data shows that nearly 66,500 people chose to file their 2021/22 tax returns on the first day of the new tax year.

According to HMRC, the number of ‘early birds’ filing their self-assessment tax returns have risen over recent years – roughly 30,000 more people filed theirs on the 6^th of April this year compared to 2018.

With the pandemic creating financial issues for so many, filing your tax return as early as possible can really help with being organised and prepared for how much you will owe HMRC by January 31^st.

Myrtle Lloyd, HMRC’s Director General for Customer Services, commented, “You don’t need to wait for the January rush to send us your tax return. More and more people are getting theirs out of the way early – search ‘Self Assessment’ on GOV.UK to get started.”

HMRC’s self-assessment guide has seen an update lately, making it easier to navigate the tax return process – it includes helpful information on areas such as:

• How to get help with your tax return.
• Guidance on declaring furlough payments, Self-Employment Income Support Scheme grants or other COVID-19 support measures.
• What information you need before you can start completing your tax return.
• Help with paying your self-assessment tax bill.
• What to do if you have overpaid tax and are due a refund.

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.