Self assessment time again

We wonder how many of you sat down and sorted out your tax information/filed your tax return over the Christmas holidays?

HMRC tells us that 2,616 tax returns were filed on Christmas Day, 204 between midnight and 8am, 1,372 between 8am and 4pm and 1,040 from 4pm to midnight. On Boxing Day, 8,465 returns were submitted, with 348 received before 8am, 4,492 between 8am and 4pm and 3,625 over the rest of the evening.

So if you haven’t done it yet, grasp the nettle right now! Particularly as it now seems to take longer than it did last year to complete it for some reason! A survey of 4,500 taxpayers by consumer group Which? indicates that those who have already filed their self-assessment tax return spent nearly three-and-a-half hours completing it – longer than the average of two hours and 48 minutes respondents said they spent last year. Get in quick, there are only 24 days to go!

Also, be aware that HMRC are sending letters to taxpayers with out of date “ways to pay” information on them.  They have sent 5 million taxpayers letters saying they can pay their tax bill at the Post Office or by personal credit card – but these methods are out of date as of December 2017 and January 2018 respectively.  HMRC said that they had sent them because HMRC was in the process of switching print suppliers and had opted to continue posting pre-printed letters during the transition period to save money! So do check for the correct payment information when you are ready to pay.

Please click here to go back to other Taxing Times stories…

<Jun 2019>
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Jun 26

No events today
What's the best thing about Dodd & Co? I like the friendliness of all the staff, the knowledge and service of our accountant, the flexibility of being able to come to the office or home visits.
-- Susan Little