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Record number of tax returns completed in January

By Impeyecho  |  Posted: February 03, 2014

money

Tax returns complete

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More than 10 million tax returns were received by the January 31 filing deadline, beating last year’s total of 9.61 million, HM Revenue and Customs (HMRC) has revealed.

The record for the number of online returns, set last year when 7.93 million people filed over the internet, was also broken, as 8.48 million were sent online to HMRC. This represents 84.5 per cent of all returns received – a record-breaking percentage.

With around 10.74 million 2012-13 tax returns due by January 31.

This means 93.4 per cent met the deadlines - on October 31 for paper and January 31 for online. This is the highest percentage of on-time returns ever recorded.

The busiest day for online returns was January 31, when HMRC received 569,847. The busiest hour occurred between 4pm and 5pm on the same day, when 45,706 returns – more than 12 per second – were received.¬¬ And 21,027 people left it until the eleventh hour, and filed their online return between 11pm and midnight on deadline day.

Missing the tax return deadline results in a £100 late filing penalty. There are further late-filing penalties after three, six and 12 months.

People from Gloucestershire who need to complete a tax return include the self-employed, those with more than one income, and high income parents who received Child Benefit after January 7 last year.

To register for Self Assessment for the current or previous tax years, call the Self Assessment helpline on 0300 200 3310, open 8am to 8pm, Monday to Friday, and from 8am to 4pm on Saturday.

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