Record Numbers File Tax Return Online
The deadline for online submission of all self-assessment tax returns passed on Sunday, 31st January and it has been revealed that 2010 saw a record number of people submit their tax returns online since the online submissions began. Nearly 6.5 million people filed on the internet ahead of Sunday’s deadline, up from 5.8 million the previous year.
The most popular time for submissions was between 4pm and 5pm on Friday, 29 January, when some 39,512 returns were received by HMRC. However those that have missed the deadline could face a £100 penalty.
Financial Secretary to the Treasury, Stephen Timms said that one of the advantages of filing your tax return online is that HM Revenue and Customs would process your return faster, so any money you are owed is repaid more quickly.
HMRC also repeated the call for everybody to be extra vigilant with emails that appear to be from HMRC saying you are entitled to a tax return. An e-mail phishing scam in which recipients are told they are due a tax refund and asked to fill in an online form with bank or credit card details is still in circulation and victims have their accounts emptied or card limits used.
HMRC said it would never send out e-mails on the subject, as those who were due a refund were informed by post.
Filed under: Contractor News
