HMRC have revealed that 10.39 million Self Assessment tax returns were completed ahead of the 31 January deadline which is more than 92% of the total returns expected, and 150,000 more than last year.
More than 89% of taxpayers (9.24 million) filed their return electronically.
An automatic £100 penalty applies to those failing to file their return by 31 January 2016 midnight deadline. Use the following link for more information about HMRC Self Assessment deadlines.
HMRC have also revealed the top 10 worst tax return excuses for 2014. They include:
‘I had an argument with my wife and went to Italy for 5 years’
Ruth Owen, HMRC Director General of Personal Tax, said:
‘Untidy family members and hungry pets are very unlikely to be accepted as a legitimate excuse for completing your tax return late.
We understand that life can be unpredictable and for those customers who have a genuine excuse for missing the 31 January deadline, such as the flooding, help is on hand. My advice would be to contact us through our helplines or online, as soon as possible. But for those who are trying to play the system, while the rest of us do the right thing, the message is clear: submit your tax return online by 31 January or face a fine. We’re here to help people in genuine distress, but not to act as a free lender to people who can’t meet their responsibilities to pay their tax.’
The deadline for sending 2014/15 tax returns to HMRC, and paying any tax owed, was 31 January 2016.
If you need help getting your tax affairs up to date please contact us.
Internet link: GOV.UK Top 10 Worst Tax Return Excuses for 2014