More than 2,600 people spent the festive period dodging the turkey and crackers to fill in and submit their tax return, according to figures released by HM Revenue and Customs (HMRC) today.
Some 204 people had submitted their self-assessment forms by 8am on Christmas day, while a further 2,412 people ticked all of their tax boxes while millions of others were unwrapping presents, stuffing down lunch and sitting back and watching classic festive films.
It marks a 1% increase on 2017’s figures when 2,590 people filled out their tax return on Christmas day.
An incredible 8,465 completed their tax return on Boxing Day, a 10% increase on 2017 – taking the total to 11,271 people who filed their returns over the festive period.
’15 hours to fill out a tax return’
More than a quarter of people find filling out a tax return difficult, according to new research by Which?.
In a survey of more than 4,500 people, carried out in November 2018, 28% struggled with the task, while almost one in 10 (9%) said that completing their self-assessment took more than five hours. A small minority said that filling in their return took them more than 15 hours.
More than a quarter (28%) said that understanding HMRC’s forms was the task that took them the most time, while 14% were slowed down by tax jargon.
As a result, more than one in 10 people who went through self-assessment believe they paid more tax than they needed to, suggesting that the long and arduous process on filling in a tax return is actually costing people money as well as time.
When do I need to file my tax return?
The deadline to file your tax return for the 2017/18 tax year is fast-approaching.
If you’re completing your tax return online, the deadline is 31 January 2019. Miss this deadline and you face a raft of potential penalties.
Complete your tax return with Which?
Which? offers a tax calculator that makes it quick and easy to work out how much tax you owe.
You can pull together all of your income and outgoings, work out your tax liability and submit your return directly to HMRC with a click of the button.
You can see how the Which? tax calculator works in the video below. Try it for yourself at which.co.uk/taxcalculator.