HMRC urges taxpayers to get self assessment wrapped up early

HMRC is urging self assessment taxpayers to wrap up their tax returns early this year.

Self assessment taxpayers need to complete their tax return and pay any tax owed by the 31 January 2023 deadline or risk having to pay a penalty.

Those who file their return before 30 December may also have the option of paying any tax owed through their PAYE tax code.

On Christmas Day 2021 over 2,800 people filed their tax returns online. HMRC is reminding people to get their 2021/2022 self assessment tax return wrapped up early so they can enjoy the festivities.

Filing early means if taxpayers owe money, they have plenty of time to decide which of the payment options available is best for them by visiting GOV.UK. Customers should include their bank account details so that if HMRC needs to repay them it can be done quickly and securely.

Myrtle Lloyd, HMRC’s Director General for Customer Services, said: ‘We are encouraging customers to plan their self assessment as they’d plan for Christmas – get organised, complete their to-do list with plenty of time to avoid that last minute rush.’

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