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Latest Accountancy News - March 2010

New Record for Filing Online Tax Returns

According to HMRC statistics a record number of taxpayers filed their Self Assessment tax returns online this year.

Apparently 6,429,899 people filed online by 31 January 2010 deadline. This number was three quarters of all returns submitted and was an increase of nearly 12% on the 2009 total of 5.8 million.

Financial Secretary to the Treasury, Stephen Timms said:

"More people than ever before are now filing their tax returns online. It's easier, quicker and HMRC processes your return faster, so any money you're owed is repaid more quickly. If you haven't yet made the switch from paper to online, do so, and join the millions who are benefiting already."

Internet link: Press release