Self assessment deadline looms
Record numbers of returns expected online
Record numbers of returns expected online
HM Revenue & Customs is warning self assessed tax payers that they must
move quickly if they want to avoid a £100 penalty charge.
Tax payers now have until 31 January to file their returns online, the
deadline for paper returns having passed on 31 October.
A record number of taxpayers, around 5.8 million, are expected to file
online.
The deadline falls on a Sunday but there is no indication that HMRC will show
leniency for returns that arrive late on 1 February.
The anticipated record numbers of online filers have also prompted some tax
experts to warn that HMRC’s systems might crash due to increased traffic so
taxpayers should be preparing and filing well ahead of the deadline.
Read more:
Taxpayers
urged to submit early
More about:
The numbers you crunch tell a story. Your expertis...
15yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleAround nine in ten tax payers use HMRC's online self-assessment service to calculate and pay the tax they owe Read More...
View articleThe tax watchdog is giving businesses and individuals extra time to submit their self-assessments due to the 'extreme nature' of the floodings Read Mo...
View articlePractitioners sceptical over HMRC's ability to deliver a fully digital tax system by 2020, finds Fraser Simpson Read More...
View article31 January deadline remains but late filers may be able to claim 'reasonable excuse' if can't get through to call centres Read More...
View articleSnow could be a good enough excuse for late filing of self assessment tax return Read More...
View articleTaxpayers struggle with filing online Read More...
View articleMPs warn of inaccurate returns threatening billions in tax revenues Read More...
View articleOnline tax filing increases of 53% on 2008, about half a million more than HMRC expected Read More...
View article