Telling the truth about SME life today

Tax returners file on NYE

Share on facebook
Share on twitter
Share on linkedin
Share on email

It’s an odd way to see in the New Year, but while most revellers were quaffing champagne and singing ‘Auld Lang Syne’ nearly 15,000 Brits took the chance to submit a tax return.

Yet the savvy opportunists dwindled in number on New Year’s Day, presumably with hangovers preventing many from carrying out the necessary tax calculations. Only 5,000-odd people filed on 1 January.

True to form Christmas Day was the lowest ebb for tax submissions, with a mean-spirited 730 taking the chance to file inbetween handing out and unwrapping presents.

HMRC released the figures as part of a wake-up call to those qualifying for a tax return. It warned that with the 31 January deadline looming, taxpayers only have a few days to work out and pay their dues.

Last year 5.8 million people filed a return, substantially more than in 2008 when only 3.8 million did so. People filing online after the deadline risk incurring a fine and interest payments on what they owe.

Related articles:Enterprise will beat recessionTories unviel small business plans

Trending

Topic

Share on facebook
Share on twitter
Share on linkedin
Share on email

Related Stories

Trending

If you enjoyed this article,
why not join our newsletter?

We promise only quality content, tailored to suit what our readers like to see!