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The Institute of Chartered Accountants in England and Wales

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Record number of taxpayers filing returns online

Record number of taxpayers filing returns online

 

The popularity of online filing has increased again this year, with the number of taxpayers choosing to file their self-assessment tax returns online hitting a new record.

 

In the run-up to the 31 January online filing deadline, 6.5 million people had filed their returns via the internet, compared with 5.8 million last year.

 

HM Revenue & Customs (HMRC) received the higher number of submissions between 4pm and 5pm on 29 January, when a total of 39,512 returns were filed.

 

Those who failed to meet the self-assessment deadline will face an automatic penalty of £100.

 

Meanwhile, HMRC has issued a warning regarding a recent upsurge in an email phishing scam, in which taxpayers are informed that they are due a tax refund and asked to submit their bank or credit card details via an online form.

 

HMRC has emphasised that it will only ever inform customers of a tax refund by post, and is urging people to forward any suspicious emails to phishing@hmrc.gsi.gov.uk for further investigation.

 

We can help with all your tax planning needs, including assisting with completing your tax returns. Please contact us for further advice.

 

 

Registered at Pyle House, 136/137 Pyle Street, Newport, Isle of Wight, PO30 1JW
Registered in England. Registration Number: 4567774

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