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HMRC Urges Prompt Self Assessment Filing

HMRC's Countdown for Tax Return Filing

Urgency as Deadline Approaches With the self-assessment deadline rapidly approaching, HM Revenue and Customs (HMRC) is intensifying its efforts, urging nearly 5.7 million customers to file their tax returns for the 2022 to 2023 tax year. This critical reminder comes with less than a month remaining, placing a spotlight on the urgency for those who have yet to complete this crucial annual task.   Proactive Taxpayers Already Ahead Impressively, HMRC data reveals that almost 6.5 million customers have proactively filed their tax returns, successfully beating the deadline. Among them, 49,317 customers astutely used the New Year holiday period to advance on their tax obligations. Specifically, on New Year’s Eve, 25,593 customers filed their returns, with a notable spike in submissions between 12:00 and 12:59. Additionally, 127 customers chose the very beginning of the New Year for filing, and 23,724 customers completed their submissions on New Year’s Day.  

Deadline and Online Submission Details

31 January 2024: A Critical Date The critical deadline to file a tax return for the 2022 to 2023 tax year and settle any tax owed looms on 31 January 2024. Customers have the facility to submit their tax returns and make payments online through the GOV.UK website. This platform offers a user-friendly and secure environment for handling these important financial responsibilities. HMRC's Encouragement to Act Now Myrtle Lloyd, HMRC’s Director General for Customer Services, is strongly emphasizing the importance of not delaying the submission of tax returns. She encourages customers to seize the opportunity to start the new year on the right foot by addressing their self-assessment promptly. For assistance, she suggests utilizing the comprehensive resources available on GOV.UK.  

Support and Resources from HMRC

Guidance for Completing Tax Returns HMRC offers an extensive array of online resources, including informative video tutorials on YouTube and helpful guidance on GOV.UK, to support customers in completing their tax returns. These resources are meticulously designed to simplify the process and reduce the stress often associated with tax filings.   Payment Options and Assistance For customers, the quickest and easiest method to settle their tax bills is through HMRC’s app, which is both free and secure. A variety of payment methods and detailed instructions are available on GOV.UK. For those unable to pay in full, HMRC provides advice and the option to arrange an affordable payment plan, known as Time to Pay, for amounts less than £30,000. This arrangement can be organized online by searching “HMRC payment plan” on GOV.UK.   Sources: THX News & HM Revenue & Customs. Read the full article