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Home Business

Deadline for self assessment tax returns

Andrew Batt by Andrew Batt
Sunday, January 7, 2024 6:04 am
in Business, Community, Reading
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Covid grants need to be declared on tax returns Picture: Steve Buissinne from Pixabay

Covid grants need to be declared on tax returns Picture: Steve Buissinne from Pixabay

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With less than a month to go to the Self Assessment deadline, HM Revenue and Customs (HMRC) is urging nearly 5.7 million customers to file their tax return for the 2022 to 2023 tax year.

Data shows almost 6.5 million customers have already beaten the Self Assessment clock by filing their tax return, including more than 49,000 customers who used the New Year holiday to get a head start on their tax obligations.

Some 25,593 customers filed their tax return on New Years Eve, with the most popular time being between 12:00 and 12:59, when 2,677 customers filed, while 127 customers saw in the New Year by filing their tax return between 00:00 and 00:59 on 1 January.

The deadline to file a tax return for the 2022 to 2023 tax year and pay any tax owed is 31 January 2024.

Customers can submit tax returns and pay any tax owed online at GOV.UK.

Myrtle Lloyd, HMRC’s director general for customer services, said: “The clock is ticking for those customers yet to file their tax return.

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“Don’t put it off, kick start the new year by sorting your Self Assessment. Go to GOV.UK and search ‘Self Assessment’ to get started start today,”

HMRC has a wide range of resources online including a series of video tutorials on YouTube, help and support on GOV.UK, to support customers in completing their tax return.

The quickest and easiest way customers can pay their tax bill is via HMRC’s app which is free and secure. Information about the different ways to pay can be found on GOV.UK.

Customers who are unable to pay in full can access support and advice on GOV.UK.

HMRC may be able to help by arranging an affordable payment plan, known as Time to Pay for those who owe less than £30,000. Customers can arrange this themselves online. Go to GOV.UK and search “HMRC payment plan” for more information.

HMRC will consider a customer’s reasons for not being able to meet the deadline. Those who provide HMRC with a reasonable excuse may avoid a penalty.

Customers should also be aware of the risk of falling victim to scams, and never share their HMRC login details with anyone, including a tax agent, if they have one.

HMRC scams advice is available on GOV.UK.

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