2025 Self Assessment Facts and Figures
11th March 2025
The results are in. HMRC have released their 2025 Self Assessment facts and figures.
The 2025 Self Assessment facts and figures are as follows:
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- 12,026,540 Self Assessment Tax Returns were issued to tax payers
- 10,887,810 expected tax returns were received by 31 January (90.5% of returns expected – down from 94.5% in 2024)
- an estimated 1.1million customers missed the deadline
- 97.36% of returns were filed online
Those who have missed the 31 January 2025 deadline may face a penalty. The penalties for filing a tax return late are:
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- an initial £100 fixed penalty, which applies even if there is no tax to pay, or if the tax due is paid on time
- after 3 months, additional daily penalties of £10 per day, up to a maximum of £900
- after 6 months, a further penalty of 5% of the tax due or £300, whichever is greater
- after 12 months, another 5% or £300 charge, whichever is greater
Get In Touch
If you require assistance in bringing your tax affairs up to date, please contact your local Whitings LLP office, and a member of our team will be happy to help you.
Disclaimer - All information in this post was correct at time of writing.
