Tax Return Filing Deadline Looms: Are You Ready? Post Reply

[EOACC Ltd]

The Self-Assessment tax return filing deadline of 31 January is fast approaching, and HM Revenue and Customs (HMRC) recently revealed that 5.4 million taxpayers have yet to complete their returns. Don’t let time run out and risk penalties for late filing!
Key Filing Statistics
According to HMRC, many taxpayers are getting an early start:

• Over 24,800 people filed their tax returns on New Year’s Day.
  
• An additional 38,000 taxpayers completed theirs on 31 December.
  
• Interestingly, 310 people submitted their returns between 11pm and midnight on New Year’s Eve.
  

Avoid Late Filing Penalties
Missing the 31 January deadline can result in an initial £100 late filing penalty. To avoid this, ensure you complete and submit your tax return on time.
Do You Need to File a Tax Return?
If you’re unsure whether you need to file a Self-Assessment tax return, you can read this article, Who Needs to Complete a 2023-24 Self-Assessment Tax Return (SATR)?, or if you need assistance with the process, we’re here to help. Our expert team can guide you through every step, ensuring your return is accurate and submitted on time.
Contact Us for Help
Don’t let the deadline catch you off guard. If you need help with your tax return or have questions about your filing obligations, contact us today.
See: https://www.gov.uk/government/news/54-m ... tax-return