| As the 31 October
deadline looms for paper tax returns, new
figures from HM Revenue & Customs (HMRC)
reveal that growing numbers of individual
taxpayers are opting for online filing.
The figures show that in 2009-2010, 74 per
cent of self assessment tax returns were
filed online, a total of 6.6 million out
of 8.9 million returns.
The figure has more than trebled since
2005-06, when only 23 per cent of the self
assessment total – just over two million
returns – were filed online.
The HMRC statistics also reveal that
although corporation tax must be filed
online from 1 April 2011, only 27 per cent
of businesses – 424,912 out of a total of
1,582,799 making returns – filed in this
way in 2009-2010.
The figure is still a substantial
increase on 2005-2006, when just two per
cent of businesses filed online.
For those opting for online filing
instead of paper returns, the deadline is
midnight on 31 January 2011 or by 30
December 2010 if less than £2,000 in tax
is owned and the taxpayer wants HMRC to
collect it by amending their PAYE tax code
next year.
LINKS:
Tax return deadlines
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