Record number of tax-returns filed on time

A record 9.61 million people filed and sent their self-assessment tax returns on time this year, with 7.93 million sent online, HMRC has revealed.

Around 10.34 million individuals fell into the self-assessment category in the 2011/12 tax-year, meaning that 92.9 per cent met the return deadlines of 31 October for paper returns and 31 January for filing online.

It seems that many left their filing until the last minute. HMRC received more than half a million returns on 31 January - its busiest recorded day. The busiest period occurred between 16:00 and 17:00, when 46,000 - the equivalent of more than 12 per second - were received.

The Christmas holidays were also a busy period for returns, with 1,548 sending their returns in on Christmas Day and 4,685 on Boxing Day. Around 27,161 were also filed online on New Year's Eve and a further 12,077 submitted on New Year's Day.

Those who failed to submit a return will have already incurred a £100 late-filing penalty, with additional penalties incurred after that. HMRC has advised those who have yet to submit their return to do so as soon as possible and pay any outstanding tax owed.

We can help you file your self-assessment tax returns accurately and on time.