Tax

London named ‘worst region’ for filing late tax returns

London has been named the worst region for filing tax returns as 4.23% of people filed after the 31 January deadline, according to a Freedom of Information request from HMRC obtained by Tax Scouts.

Merseyside, East Midlands, West Midlands and Greater Manchester followed rounding out the “worst five regions” in the UK.

Around 477,000 returns were filed late for the 2017/18 fiscal year, resulting in at least £47.7m in late penalties by HMRC.

In London alone it is estimated that over £10m in late payment fees were collected as 106,000 returns were submitted after the deadline.

Mart Abramov, co-founder and CEO of TaxScouts, said: “Many people dread doing their taxes so much that they will leave everything to the last minute.

“When they do, often they get confused and struggle to understand exactly what HMRC is asking of them, a source of stress and worry for thousands of people in the UK every year.”

He added: “As we approach the deadline for submission, this chaotic eleventh-hour scenario is a cause of stress for a lot of people who need to file a return but just don’t know where to start. Some people don’t even know they have to submit a self assessment and end up missing the deadline because of that.”

Back to top button

Please disable your ad-blocker to continue

Ads are the primary way in which publishers generate the revenue needed to pay their staff. If we can't serve ads, we can't pay journalists to write the news.