january deadline: Risking at least a 100 fine for a late submission, 760,000 will leave it until the last day and 30,000 people won't file until the last hour before the 11.59pm, 31 January deadline, based on last year's numbers, according to The Independent. In fact, submissions typically peak just 17 seconds before the cut-off, says tax software provider GoSimple Tax. With less than a week to go until self-assessment submissions must be in alongside any money owed, HMRC has warned it is still waiting for 3.5 million people's figures. But with more than 11.5 million people due to file a return this year, about 7 per cent equating to around 810,000 people won't complete one, often because they incorrectly assume they don't have to if they have nothing to pay. More than half the UK's taxpayers don't know what the individual tax-free allowance is, for example. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 Join Independent Minds For exclusive articles, events and an advertising-free read for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent With an Independent Minds subscription for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent Without the ads for just 5.99 6.99 9.99 a month Start your free trial A recent survey by consumer group Which found there are still huge gaps in the nation's basic knowledge of tax, including the submissions process.
(news.financializer.com). As
reported in the news.
Tagged under january deadline, self-assessment submissions topics.