Data published by HMRC has revealed that a record 11.5 million taxpayers filed their 2022/23 self assessment tax returns by midnight on 31 January.
HMRC stated that 12.1 million individuals were expected to file their tax returns and pay any tax owed.
The peak hour for filing on 31 January was between 16:00 and 16:59 when 61,549 taxpayers submitted their returns. 32,958 filed between 23:00 and 23:59.
HMRC has urged anyone who missed the deadline to submit their tax return as soon as possible – late filing and late payment penalties apply for those who failed to submit by the deadline. It stated that there are many ways to pay, including online, using the HMRC app, by bank transfer or via a Time to Pay payment plan.
Commenting on the figures, Myrtle Lloyd, Director General for Customer Services at HMRC, said: ‘Thank you to the millions of self assessment customers and agents who met the deadline. Anyone who has yet to file and is concerned that they cannot pay in full may be able to spread the cost of what they owe with a payment plan. Search ‘pay your self assessment’ on GOV.UK to find out more.’
08/02/2024
View all >
26/04/2024
HMRC launches MTD for Income Tax pilot
HMRC’s pilot scheme for Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) launched on 22 April.
READ MORE
Business price pressures persist
Business price pressures persist despite the UK’s inflation rate falling to its lowest level since September 202
Small firms confused over import rules
The government has been accused of heaping confusion on small firms before new import rules on plant and food products are introduced, according to the Federation of Small Businesses (FSB).
Sign up to keep in touch to receive our latest news and industry updates.
* *
Yes, I would like to receive email updates providing me with the latest finance news, advice guides and details of future events.