Record numbers file tax returns on time
A RECORD 9.61 million people sent their tax return on time this year, HM Revenue and Customs (HMRC) has revealed.
With 10.34 million people in self-assessment in 2011-12, this means that around 93 out of every 100 taxpayers (92.9 per cent) met the return deadlines – October 31 for paper and January 31 for online.
Of the 9.61 million on-time tax returns, 7.93 million (82.5 per cent) were sent online – a record number. The remaining 1.68 million (17.5 per cent) were sent on paper.
Anyone who hasn't yet sent their 2011-12 tax return will have already incurred a £100 late-filing penalty. To avoid any further penalties, HMRC said they should send their return as soon as possible, as well as pay any outstanding tax due for the 2011-12 tax year.
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