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Nearly 25,000 folks “celebrated” the primary day of the brand new 12 months by submitting their tax return, in accordance with HM Revenue and Customs (HMRC) figures.
Some 24,828 folks submitted self-assessment tax returns on January 1.
An extra 38,260 taxpayers had squeezed their return in across the New Year’s Eve celebrations on December 31, with round 310 submitting theirs between 11pm and 11.59pm.
Those who’re required to file a tax return for the 2023-24 tax 12 months however miss the January 31 2025 deadline might face an preliminary late submitting penalty of £100 – which applies even when there isn’t a tax to pay.
Further fees might also apply as time goes on.
With lower than a month to go, 5.4 million folks nonetheless have to file returns earlier than the deadline, HMRC stated.
Myrtle Lloyd, HMRC’s director normal for buyer providers, stated: “We know finishing your tax return isn’t probably the most thrilling merchandise in your new 12 months to-do listing, nevertheless it’s essential to file and pay on time to keep away from penalties or being charged curiosity.
“The quickest and best method to full your tax return and pay any tax owed is to make use of HMRC’s on-line providers – go to gov.uk and search ‘self evaluation’ to get began now.”
Once a tax return is filed, funds may also be made by the HMRC app.
The income physique beforehand stated that 4,409 folks accomplished tax returns on Christmas Day.
