Self assessment tax return warning issued as deadline nears – guidance shared | Personal Finance | Finance


According to HMRC’s data, a record high of 22,035 taxpayers submitted their self assessment tax returns on Christmas eve, with 3,003 submitting theirs on Christmas Day and a further 9,254 filed on Boxing Day.

This year, with all of the negative news people have had to deal with, similar levels of early payments could be seen.

While this is prudent and will be beneficial for many self-employed workers simply trying to get ahead of their financial obligations, Ed Molyneux, the CEO and co-founder of FreeAgent urged those affected to cut themselves some slack over the Christmas period.

Ed detailed there is no need to file tax returns “over turkey”, as he explained: “A lot has changed since the last January self assessment deadline.

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