It's that time of the year - thousands of tax returns filed over Festive Period Article Image

It's that time of the year - thousands of tax returns filed over Festive Period

HMRC has revealed figures that say thousands of taxpayers submitted their self-assessment tax returns online over the Festive Period, with some 6214 filing on Christmas Eve, 1944 filing on Christmas Day and over 6000 on Boxing Day.

Online self-assessment tax returns must be filed by midnight on 31 January 2017. Any tax returns submitted up to three months after this deadline will be subject to a £100 late filing penalty - even if you have no tax to pay.

It's thought those that do not celebrate Christmas may be among those filing - and some will have used the break to catch up with paperwork!

If you are struggling to complete your return or need expert advice, speak to a member of our accountancy team today or call us on 01278 445 151. We'll help you take advantage of the tax relief available and get your accounts in order and avoid a penalty.

 


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