The Inland Revenue has reported a massive increase in the number of people filing their self-assessment forms online, saying that ahead of the 31 January deadline, the number of electronic submissions has more than doubled.
Link: Taxpayers get more time to file online
The most recent figure put to Accountancy Age by the Revenue said 6.5 million forms had been filed.
A spokesman for the Revenue also said that of these, 250,000 tax returns were filed online. This is more than twice the 70,000 forms filed electronically last year.
The increase will surprise many given the embarrassment generated last year by people being able to read their fellow taxpayers’ details when they attempted to file online.
Last year also saw the Revenue’s website fail to cope with the number of online filings just two weeks before the self-assessment deadline.
But according to the spokesman, everything was running smoothly this week. He said: ‘We are very happy with the results.’
And, because the deadline is on a Friday this year, the Revenue is working overtime and has extended opening times from 8am to 8pm. ‘We will also be open on a Saturday this year for the first time,’ added the spokesman.
The numbers you crunch tell a story. Your expertis...
21yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleHMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...
View articleSteven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...
View articleATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleThis was the fourth largest borrowing year since records began in 1993 Read More...
View articleATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...
View article