More than 63,500 customers filed their 2020 to 2021 self assessment online on 6 April 2021.
And with almost 950,000 online Self Assessment returns received so far this tax year, HMRC is urging others to do the same and file their tax returns early. Each year, thousands of people choose to file early, as soon as one tax year ends and the new one starts.
HMRC has seen a growing trend in early filers. In the last 5 tax years, the number of customers choosing to file on the first day of the new tax year has almost trebled from 22,885 in 2017 to 63,521 in 2021.
There are many advantages to completing your Self Assessment tax return sooner rather than later, not least that if you’re due tax refund you’ll get the money within a few days.Myrtle Lloyd, HMRC’s Director for Customer Services
HMRC have introduced a Self assessment guide to help customers through the filing process. Self assessments can be filed online at a time to suit to avoid the last minute rush to file.
The guide contains information on:
- how to get help with your tax return
- what to do when declaring furlough payments, Self-employed Income Support Scheme grants or other COVID-19 support measures
- what information you need before you can start your tax return
- help with paying your bill
- what to do if you have paid too much tax
For further advice on Self Assessment contact AJR & Co Ltd