Self-employed people on lower incomes are significantly more likely to miss the self-assessment deadline than higher earners, information from HM Revenue and Customs (HMRC) indicates.
In 2023-24, around 5.9% of below basic rate tax self-employed filers submitted their return after the January 31 deadline, compared with 3.1% of basic rate taxpayers, 2.7% of higher rate taxpayers and 2.6% of those paying additional rate tax, according to calculations from PensionBee.
