That’s a record number of tax returns completed for Whyfield! Thank you to all of our clients for putting their trust in us and to our dedicated team on going the extra mile at the busiest time of the year in accountancy. Interestingly, it was a UK record too…
More than 11.5million taxpayers (93.68%) submitted their self assessment tax returns on deadline day, the peak hour for filing was 4pm to 5pm when 60,000 filed. The most stand out fact being the number of taxpayers who filed online soared to more than 10.1 million for the first time – clearing showing the shift to making tax digital.
More than 11.5 million taxpayers were required to file their 2017/18 tax returns by 11.59pm on 31 January. The majority filed on time, but 700,000 taxpayers missed the deadline.
However, it is important to note that it is possible to dispute automatic penalties, at least a million of which are issued by HMRC.
Angela MacDonald, HMRC’s director general for customer services, said: ‘This year, we had a record numbers of filers completing their tax returns by the deadline. And for any customers who are yet to file their returns, please contact HMRC – we are here to help.’