More than one million use extra time to file tax returns

Mar 2, 2022

Over one million individuals completed their self-assessment tax returns in February, using the extra time to file one without facing a penalty.

HMRC expected around 12.2m taxpayers to file a return for the 2020/21 tax year and more than 11.3m submitted theirs by 28 February 2022.

The deadline for tax returns submission is normally 31 January but HMRC gave people an extra month to complete it to cope with difficulties posed by the pandemic.

Lucy Frazer, Financial Secretary to the Treasury, said:

"Today's stats show how vital the extra month was in supporting the cashflows of more than a million self-employed people and businesses across the UK, helping to ensure their survival as we recover from the pandemic."

If customers filed their returns in February, they will not face a late filing penalty and have until 1 April to pay their tax bill or set up a time to pay arrangement.

The time to pay service allows individuals and businesses to spread their tax payments of up to £30,000 over time.

The self-assessment payment helpline is available to taxpayers that owe more than £30,000.

Talk to us about filing your tax return if you haven't filed yours.

Make the switch to us

Choosing StationOne means opting for a service where excellence, expertise, and a personal touch converge. Our rates reflect the quality and dedication we bring to every interaction. We are not just about the numbers; we're about fostering growth, ensuring compliance, and paving the way for your business's prosperity.

Get in touch

Fancy a new accountant? Contact us for tailored financial guidance.

Tell us about your business

Share your business needs; we'll provide the bespoke financial solutions.

We'll take it from here

Trust us to lead your financial operations to success.

"Enables us to be more profitable"

"Having been a client for many years we have learned how important Food and Drink GP’s are to the running of our restaurants and getting these to the correct %’s every week enables us to be more profitable and then be able to concentrate on managing other costs"

StationOne favicon3

How can we be of service?

Embark on your journey towards financial excellence with StationOne. Let us show you what it means to have not just an accountant, but a committed partner in your corner.