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More than one million taxpayers filed their 2020-21 tax returns in February, according to figures from HMRC.
Some 12.2 million taxpayers were expected to submit a return and the total returns filed was 11.3 million. However, HMRC states that about 1.3 million returns that should have been filed remain outstanding – this is because the number of returns received so far includes some unexpected ones.
HMRC has given taxpayers until 1 April to pay their outstanding tax bill or set up a time to pay arrangement to avoid receiving a late payment penalty. Interest has been applied to all outstanding balances since 1 February.
Lucy Frazer, financial secretary to the Treasury, said: ‘This shows how vital the extra month was in supporting the cash flows of more than a million self-employed people and businesses across the UK, helping to ensure their survival as we recover from the pandemic.’
