With the 31 January Self-Assessment tax return filing deadline fast approaching, HM Revenue and Customs issued a press release last week noting that 5.4 million taxpayers are yet to complete their return. Interestingly, more than 24,800 people filed their return on New Year’s Day, while a further 38,000 submitted theirs on 31 December. Meanwhile, 310 taxpayers filed their returns between 11 pm and midnight.

Missing the 31 January deadline can result in an initial late filing penalty of £100.

If you need assistance with your tax return or are unsure whether you need to complete one, please give us a call – we’d be happy to help!

See: https://www.gov.uk/government/news/54-million-yet-to-file-their-tax-return