Record number of taxpayers file Self Assessment returns on Christmas Day

HMRC data shows that 3,275 people filed their self-assessment tax returns on Christmas Day. This marks a record, with the number of people submitting their tax figures on December 25 up 15% on the 2,828 returns recorded on the same date in 2021 and the 2,700 logged in 2020. The peak point came at lunchtime, with 319 returns received between midday and 12.59pm. HMRC also revealed that 141 people chose to file their returns between 11pm and 11.59pm on Christmas Eve. Overall, a total of 22,060 people went online to submit their form for the 2021/22 tax year between 24 and 26 December. The number of returns registered between Christmas Eve and Boxing Day was down 30% compared to last year.

 

The Daily Telegraph

Related Post

Government will have to raise taxes to meet its fiscal targets The National Institute of Economic and Social Research (NIESR) has warned that the next government will have no spending room for tax giveaways and will have to find ways of generating revenues amid “sluggish” growth. It said that ministers will have to implement tax rises and delay net zero investment unless the government is willing […] By Lisa Brownlow, 16 May 2024
IR35 rules fuel crisis in self-employment It has been suggested that HMRC’s battles with BBC stars over the controversial IR35 rules have contributed to a crisis in self-employment. A survey by the Association of Independent Professionals and the Self-Employed (IPSE) found that one in ten highly skilled freelancers is currently out of work due to the IR35 reforms. More than half […] By yinka developer, 10 April 2024
Income tax hits £264bn under the Tories Analysis of HMRC data shows that income tax revenues have increased by more than 70% under successive Conservative administrations, hitting £264bn. Then-Chancellor Rishi Sunak froze a number of tax bands in 2021 and since the policy was enacted, income tax receipts have jumped by £49bn. Since 2010, when the Tories took power via a coalition […] By Lisa Brownlow, 10 January 2024