HM Revenue and Customs (HMRC) has announced that the number of people filing Self Assessment returns on the first day of the new tax year has more than doubled since 2018. More than 77,500 people submitted their tax return for the 2022-23 tax year on April 6, 2023 - the first day of the new 2023/24 tax year - compared with nearly 37,000 on April 6, 2018.
Myrtle Lloyd, HMRC's director general for customer services, said: "Filing your self-assessment early means you can spend more time building your business or doing the things that you enjoy and less time worrying about completing your tax return.”
The deadline to file tax returns for the 2022 to 2023 tax year is January 31, 2024, however, tax expert Paul Falvey suggests the rise in early returns may be taxpayers seeking tax refunds.
