We offer a range of high quality accounting, financial and business services in and around Milton Keynes.

HMRC reveals 'record number' of taxpayers submitted tax returns before deadline

02 Feb 2018

A ‘record number’ of taxpayers submitted their self assessment tax returns before the 31 January deadline, HMRC has revealed.

Of the 11,433,349 tax returns that were due, 10,687,761 were filed before the deadline of midnight on 31 January. 758,707 individuals finalised their return on the day before the deadline, the statistics showed.

HMRC's online filing system was used by 9.9 million taxpayers, with 92.5% of returns being submitted electronically. 771,331 self assessment tax returns were filed on paper.

‘It's really fantastic to see that each year more and more self assessment customers are getting ahead of the game and submitting their tax return before the 31 January deadline,’ said Angela MacDonald, Director General for Customer Services at HMRC.

‘But we're not complacent, we want the number missing the deadline to be zero, and we'll continue to adapt the process to make it easier and simpler for all our customers until every return is in on time and without avoidable errors.’

Around 745,588 tax returns are yet to be filed. HMRC has urged those who have not yet submitted their return to do so now, in order to avoid further penalties. Those who missed the 31 January deadline will receive a £100 fixed penalty, even if there is no tax to pay. Further penalties are then issued for prolonged delays.

Please contact us for assistance with your tax affairs.

Register

Why not register to receive our monthly newswire? This is packed full of essential business news and handy tax tips to help save you money.

Learn more

Tax Calendar

Our handy tax calendar provides an overview of the key tax dates for your diary.

Learn more

Calculators

B2B’s interactive tax calculators can be used to calculate VAT due, the taxable benefits on your company car and how much your savings are worth.

Learn more

Home | About us | Contact us | Logon | Register | Accessibility | Disclaimer | Help | Site map |

© 2024 B2B Business Advisors Limited. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Chartered Tax Adviser

Registered in England, Company Registration number – 7906656. Registered Office – 58b High Street, Stony Stratford, Milton Keynes, MK11 1AQ. Registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry out audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.