Whilst many of us were relaxing over the Christmas break, thousands of self-employed and small business owners were busy completing their tax returns, perhaps determined to get this off the agenda before the New Year.
New figures released by HMRC indicated that more than 16,000 people spent at least part of their Christmas break filing a tax return online, ahead of the January 31 deadline.
On Christmas Eve 6,033 people completed a tax return, with 92 submitted between 11pm and midnight. On Christmas Day, 2,590 returns were filed, with this volume more than doubling on Boxing Day, with a massive 7,655 returns recorded.
For many, this may seem a strange time to be submitting your tax return, but the reality is that for many small business owners across the UK, time off is a precious commodity and the festive break presents itself as a clear opportunity to catch up on vital admin.
With over eleven million people required to file self-assessment tax returns before the end of January, the volumes submitted over Christmas are still very much a drop in the ocean, and with the deadline edging ever closer, now is the time to consider ‘how you will you pay yours’?
If you are one of the many millions still to complete your January tax return, a short-term tax loan can help you to spread the cost of this significant sum over a maximum 12-month term.
Our application process is simple. We’ve removed the red tape, to make it faster and more convenient for you to get a loan. Additionally, if you’ve already paid your tax bill, we can also assist you in refinancing this amount, helping to maximise your cash flow for other business needs.
Get ahead of the tax deadline. Talk to us about tax finance today.