Self Assessment 2023 Facts and Figures
![Self Assessment 2023 Facts and Figures - Whitings LLP - figure looking at statistics on curved screen.](https://whitingsllp.co.uk/wp-content/uploads/2023/03/SA-stats-1.jpg)
HMRC have released their Self Assessment 2023 facts and figures :
- 12,060,872 Self Assessment tax returns were issued to tax payers
- 11,399,465 expected tax returns were received by 31 January (94.5% of returns expected)
- an estimated 600,000 customers missed the deadline
- 10,965,993 returns were filed online (96.2% of tax returns)
Those who have missed the 31 January 2023 deadline may face a penalty. The penalties for filing a tax return late are:
- 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
If you require assistance in bringing your tax affairs up to date please contact your nearest office where a member of our staff will be able to help.
Disclaimer - All information in this post was correct at time of writing.