Did you open presents or submit tax returns on Christmas?

05/01/2022

According to HM Revenue & Customs (HMRC), over 31,000 Self Assessment tax returns were submitted between Christmas Eve and Boxing Day.

The Christmas period is known for good food and festive cheer. However, in 2021, many people used the break to file their tax returns.

On Christmas Eve, 19,802 returns were made, with a further 2,828 filed on Christmas Day – up from 2,700 in 2020.

A peak of 227 tax returns were filed between 12:00-12:59 pm on 25 December, just before a lot of people have their Christmas Dinner!

Then on Boxing Day, an additional 8,641 tax returns were filed, as many people were clearly eager to get ahead of the 31 January 2022 deadline.

If you are yet to file your tax return, make sure to do so before this date.

Need help repaying owed tax?

Further assistance is available for people who have already filed their 2020-2021 tax return but fear they will not be able to repay the tax owed within the time frame.

Customers owing less than £30,000 may be able to set up a plan with HMRC’s Time to Pay arrangement online. This tool allows individuals to pay their debt within 12 months.

Individuals must set up this plan within 60 days of the payment deadline to be eligible.

For those that owe over £30,000 or require more than 12 months to pay off the debt, there is assistance available through HMRC’s Self Assessment Payment Helpline on 0300 200 3822.

If you require support, get in touch with our experts today.