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HMRC has seen a growing trend in customers submitting their Self Assessment returns early. In the last five years, the number of customers choosing to file their return on the first day of the tax year has almost doubled.
You have until 31 January 2023 to send HMRC your Self Assessment tax return and to pay any tax you may owe.
A reminder for clients that we can only guarantee completing your tax return before the deadline, if we receive all the information required before 31 October 2022.
Learn more about getting started with Self Assessment, including registration, tax returns, tax bills and payments on the webpage below.
See: HMRC email updates, videos and webinars for Self Assessment - GOV.UK (www.gov.uk)
06 Feb 2024
Government borrowing fell to £7.8 billion in December 2023 giving Chancellor Jeremy Hunt more scope to make the tax cuts he has hinted at in the Spring Budget.
Tax cut promises may need to be scrapped as a result of the UK being in an 'unfortunate economic and fiscal bind', the Institute for Fiscal Studies (IFS) has warned.
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