Self Assessment deadline day ends in orgy of online filing


in
Money, News

According to figures released by HMRC, over half a million people filed their Self Assessment on deadline day (that’d be January 31st), with a raft of freelancers, contractors and small businesses meeting the deadline with hours, minutes and possibly seconds to spare.

The 31st was, as per usual, the busiest day for online return submission, the busiest hour occurring between 4pm and 5pm when 46,000 returns – more than 12 per second – were received by HMRC’s online filing system. It’s a wonder the site didn’t crash given HMRC’s usual level of ineptitude.

Further statistics reveal that a record 9.61 million people filed their tax return on time, meaning that 93% met the respective paper and online return deadlines. HMRC always claim they want to receive tax returns, not dish out fines – however with 730,000 people missing the deadline (compared with 850,000 last year) the taxman may find their revenue from penalties down considerably this year.

That said, with less than one in five returns being of the paper form, the taxman will still have reason to smile about their technological revolution is bearing fruit. Well, until the next inevitable screw up.

If you missed it, see our deadline day Twitter roundup right here.

Photo by Sandeep Pawar