Almost 300,000 self assessment customers filed their tax return in the first week of the new tax year – that’s almost 10 months head of the deadline.
HMRC has revealed almost 70,000 people filed their return on the opening day this year (6 April), and it is obviously encouraging more people to do it early and not leave it until January.
Last year more than 246,000 people submitted their assessment between 6 April and 12 April 2023.
People may need to complete a tax return for the 2023 to 2024 tax year and pay any tax owed if:
- They are a self-employed individual with an income over £1,000.
- They have received any untaxed income over £2,500.
- They are renting out one or more properties.
- They claim Child Benefit and they or their partner have an income above £50,000.
- They are a partner in a partnership.
- Their taxable income earned from savings and investments is more than the £10,000 personal savings allowance.
- Their taxable income earned from dividends is more than £10,000.
- They have paid Capital Gains Tax on assets that were sold for a profit above the Capital Gains threshold.
A full list of who needs to complete a tax return is available on GOV.UK.
