All the updated news related to self assessment

All the news related to self assessment updated in real time

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Personal Finance

Nearly 66,500 ‘early birds’ file returns on first day of new tax year

Nearly 66,500 people filed their 2021/22 tax return on the first day of the new tax year, HM Revenue and Customs (HMRC) has said. In recent years, increasing numbers of “early-bird” customers have been filing their completed self-assessment tax ...

12 May 2022 at 16:25

City

2.3 million taxpayers have until end of February to avoid late filing penalties

More than two million taxpayers need to file their self-assessment returns by the end of February in order to avoid penalties. More than 10.2 million customers filed their 2020/21 tax returns by the usual January 31 deadline, figures from HM ...

01 Feb 2022 at 14:55

Personal Finance

Online payment plans set up by nearly 21,600 self-assessment taxpayers

Nearly 21,600 self-assessment taxpayers have set up a plan since April 6 this year to spread the cost of their tax bill, HM Revenue & Customs (HMRC) has said. These people were unable to pay what they owed in full and so set up an online ...

08 Nov 2022 at 13:23

Personal Finance

Taxpayers have until the end of Tuesday to submit self-assessment forms

Taxpayers have until the end of Tuesday to submit their self-assessment returns. The deadline for submitting online returns and paying any tax owed is midnight on January 31. The most recent figures from HM Revenue and Customs (HMRC) ...

31 Jan 2023 at 02:45

Personal Finance

Record 11.7m tax returns received on time but 600,000 people miss deadline

A record 11.7 million taxpayers have submitted self-assessment returns on time – but around 600,000 people who were expected to file missed the deadline and face potential fines. The estimated number of people missing the January 31 ...

01 Feb 2023 at 13:00

Personal Finance

Concerns raised about ‘short notice’ of self-assessment helpline changes

The head of a powerful committee of MPs has raised concerns about a decision to close off the main self-assessment helpline over the summer. HM Revenue & Customs (HMRC) announced last week that it will pilot a new “seasonal model” ...

13 Jun 2023 at 14:04

Personal Finance

Late tax return penalties will be waived for a month due to Covid-19 pressures

The taxman is waiving late filing self-assessment penalties for one month, giving people extra time if needed to complete their 2020/21 tax return and pay any tax due. Covid-19 is affecting the capacity of some people to meet ...

06 Jan 2022 at 14:25

Personal Finance

HMRC to pilot ‘seasonal model’ for self-assessment helpline

HM Revenue & Customs (HMRC) has said it will pilot a new “seasonal model” for the self-assessment helpline, to help free up its phone lines to help people with urgent queries. For three months from June 12, HMRC will trial ...

08 Jun 2023 at 11:52

Personal Finance

4,757 ‘festive filers’ submitted tax returns on Christmas Day

Nearly 4,800 people filed their self-assessment tax returns on Christmas Day, according to figures from HM Revenue and Customs (HMRC). While others were opening gifts or tucking into turkey, 4,757 people filed their tax ...

27 Dec 2023 at 12:29

Personal Finance

Self-assessment taxpayers warned to watch out for bogus refunds and cash demands

Self-assessment taxpayers are being warned to watch out for scam emails, texts and calls which may offer a “refund” or demand unpaid tax. HM Revenue and Customs (HMRC) said people should be on guard, with more than 570,...

15 Mar 2022 at 12:25

Personal Finance

Less than a month for nearly 5.7m people to meet self-assessment deadline

Nearly 5.7 million people have less than a month left to file their 2022-23 tax return. If they miss the January 31 deadline they risk a £100 fine plus further potential penalties. Almost 6.5 million people have ...

02 Jan 2024 at 11:24

Personal Finance

Self-assessment helpline will focus on ‘priority queries’ in run-up to deadline

A powerful committee of MPs has raised concerns after HM Revenue and Customs (HMRC) said its self-assessment helpline will focus on priority calls in the run-up to the filing deadline. On Thursday, HMRC said it ...

07 Dec 2023 at 14:17

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