Latest Revenue figures show 5.5 million returns have been submitted out of 9.3 million returns issued. The Revenue also said it was not yet sure how many of the forms received were correctly calculated.
Under the SA tax system, taxpayers who fail to submit their returns by 31 January, will be handed automatic Pounds 100 fines and penalty interest of 8.5% until the debt is paid. Last year almost one million taxpayers failed to submit their returns before the January deadline.
Some 50,000 returns have so far been filed electronically.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals