One in six self assessment tax returns are now filed electronically and HM Revenue and Customs has stemmed a fall in the percentage of people filing their returns by the January deadline, the National Audit Office has reported.
The NAO report released today (22 June), HM Revenue and Customs: Filing of Income Tax Self Assessment Returns, said just over 90% of almost 10m taxpayers required to complete returns now file them on time.
An estimated 1.1bn of income tax was outstanding from 1.1m overdue tax returns at July 2004. "The Department prioritises pursuit of taxpayers whom it considers highest risk. Over 260,000 taxpayers had more than one return outstanding and over 12,000 taxpayers had six or more years' returns outstanding," the NAO said.
The report raised the prospect of...