HMRC says 92% of Self Employed Filed on Time

A big thank you to the the team that worked overtime.

We managed to file all of our tax returns on time.

Chris James, our Practice Manager, states
“We filed 218 Tax Returns for 2014/15.  This is an all time high for us and are hoping to reach 250 of our clients Tax returns for 2015/16

Also, HM Revenue and Customs (HMRC) has said that it received more than 92 percent of the total expected UK Self Assessment tax returns ahead of the January 31 deadline.

The UK tax authority revealed that it received 10.39m Self Assessment returns for the 2014-15 year. 11.2m returns were due and around 870,000 are outstanding.

43 percent of the total returns received were submitted in January 2016. More than 89 percent of taxpayers opted to use the online Self Assessment service to calculate and pay the tax they owe.