Are you a festival self-assessment tax return filer?

According to a HMRC press release, 31,271 self-assessment taxpayers filed their tax returns between Christmas Eve and Boxing Day. The deadline for self-assessment is 31st January 2022 with an extension until the end of February 2022 due to covid.

Festival filing statistics

HMRC says: “For thousands of customers, filing their tax returns on December 25 has become part of their Christmas tradition …”. This is a very positive explanation of the fact that thousands of business owners have used their minimum time off to work the necessary administrators during the festive season.

Myrtle Lloyd, HMRC’s Director General of Customer Service, said:

“Filing a tax return will not be on the list for many people to do for Christmas, but please do not leave it until the end of January. Search). “

The festival filing statistics for Christmas 2021 are:

  • Christmas Eve: 19,802 tax returns filed. Maximum at 2,914 between 11.00 and 11.59
  • Christmas Day: 2,828 filed. Highest at 227 between 12.00 and 12.59
  • Boxing Day: 8,641 filed. Highest at 821 between 12.00 and 12.59

These are similar statistics for December 2020:

  • Christmas Eve: 20,200 filed
  • Christmas Day: 2,700 filed
  • Boxing Day: 8,500 filed

Maybe it’s a traditional thing for some people, after all.

Don’t forget the new ‘Time to Pay’ option

HMRC has set up a new system to help self-assess taxpayers who cannot pay their tax bills at once. This is called ‘Time to Payment’ and it is an installment payment plan. This means you can spread your tax bill across 12 small monthly payments.

If you meet the following criteria, you can set it up yourself online:

  • Your 2020 to 2021 tax return has been filed with HMRC
  • Your tax bill is below 30,000
  • You can pay off your tax debt within the next 12 months
  • You are within 60 days of the payment deadline

If you do not meet these criteria, you may still be able to set up an HMRC time-to-pay system, but you should contact the Self-Assessment Payment Helpline (0300 200 3822) directly.

HMRC self-assessment support

HMRC has a wide range of help to guide people through the self-assessment process. It’s worth checking out our layout that suits you best, or give them a ring if you have any questions.

Protect yourself online

Just our usual reminder that you have to think before you click on anything like tax rebates, tax assistance or anything to do with HMRC that came from the blue. Protect yourself from any scams by verifying the authenticity of every message, email or phone call before entering into any discussion. As long as you do not click on a link, or provide any personal or financial information, you will be safe. If you’re not sure, call HMRC and ask them if it’s real.

Tony Shanks
Director of Operations
ATT member

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