Ahead of the Self-Assessment tax return deadline, HMRC shares some interesting facts

18 January 2021

The deadline for filing Self-Assessment tax returns is approaching rapidly, on 31 January 2021. Ahead of the date, HMRC has issued a press release, which details some interesting facts.

The key pieces of information provided are as follows:

  • Last year, nearly 100,000 people (96,519 to be precise) filed their tax returns on 6 April 2020 – the first day of the tax year
  • It has been 20 years since HMRC introduced online tax returns, and in 2001, 38,000 tax returns were filed
  • 3.4 million taxpayers completed a Self-Assessment tax return online in January 2011, which has increased to an estimated five million in January 2021
  • The peak hour for filing last year was observed between 16:00 and 16:59 on 31 January 2020, in which time, 56,969 taxpayers filed
  • The self-serve Time to Pay threshold has been increased to £30,000 to assist Self-Assessment customers in spreading the cost of their tax bills

There is a wealth on guidance on GOV.UK for those individuals required to complete their Self-Assessment tax return.

 


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