Thousands take advantage of extended filing deadline

Thousands take advantage of extended filing deadline

207,000 tax returns filed online across 1 and 2 February

MORE THAN 200,000 people took advantage of HMRC leniency to file their tax returns in the penalty-free first days of February.

With the taxman allowing filings on 1 and 2 February penalty-free, after HMRC staff took part in a strike on the self-assessment deadline of 31 January, 207,000 submitted tax returns online. The taxman received 87,000 tax returns on 1 February, and 120,000 a day later.

In total, 9.45 million returns were filed on time, with 7.65 million filed online (including the 207,000 on 1 and 2 February). With nine out of 10 filed before the deadline, about one million people face a £100 penalty.

David Gauke, exchequer secretary to the Treasury, said: “I’m delighted so many people filed their tax returns online this year. The record number proves that it’s quick, easy and secure to do.

“HMRC has always been clear that it wants returns not penalties, so it is good news that more than 90% of all returns were submitted on time.

“I am also pleased that the extension to the filing deadline prevented people from being unfairly penalised if they were unable to speak to HMRC on the 31 January.”

Share

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2y Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2y Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

5y Accountancy Age

Turn Accounts Payable into a value-engine

In 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 resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2y Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article