Over 40,000 File Self Assessment Tax Returns During Holiday

While many were and presumably still are enjoying festive meals and family time this holiday season, more than 40,000 individuals completed their Self Assessment Tax Returns, according to HMRC.

This has prompted HMRC to encourage others to follow their lead and file their tax returns ahead of the 31 January 2025 online filing deadline.

Christmas Day Dedication

On Christmas Day alone, 4,409 people went online and filed their tax returns for the Tax Year 2023/24. The one-hour period from 3:00 PM to 4:00 PM proved to be the busiest time of the day, with 368 people submitting their returns.

This shows that some taxpayers are determined to complete their duties even on a day traditionally reserved for relaxation and celebration. In other words, thousands of people managed to take time out of their Christmas day to prioritise their taxes.

Self Assessment Filing Across the Festive Break

The number of people who filed their Self Assessment Tax Return across the three-day period from Christmas Eve to Boxing Day is as follows:

• Christmas Eve - 23,731 individuals skipped last-minute shopping and wrapped up their tax returns instead. The peak filing hour was 11:00 AM to 12:00 PM, with 3,458 submissions.
• Christmas Day - As mentioned, 4,409 taxpayers filed with a spike in activity mid-afternoon.
• Boxing Day - 11,932 returns were submitted with the busiest hour being 4:00 PM to 5:00 PM, during which 1,108 people filed their returns.

Who Needs to File Self Assessment Tax Returns?

You may need to file a tax return if you:

• Are newly self-employed with gross income over £1,000
• Earned under £1,000 but wish to pay Class 2 National Insurance to protect state pension entitlements
• Became a new partner in a business partnership
• Received untaxed income over £2,500
• Earn Child Benefit and earn over £50,000 (or your partner does), requiring you to pay the High Income Child Benefit Charge

Stay Safe from Scams

HMRC has also issued a warning about scammers who target taxpayers through emails, phone calls and texts. Customers can learn how to spot fraudulent messages and protect themselves by visiting GOV.UK for detailed guidance.

Conclusion

With the January deadline fast approaching, starting now could save you the stress of a last-minute scramble. Visit GOV.UK to access the tools and support you need.

Make this holiday season memorable not just for the festivities but for getting ahead on your tax responsibilities.