Article preview: New data has found that taxpayers start early in life and continue to submit their annual tax returns well into later life. In a Freedom of Information (FOI) request sent to HM Revenue & Customs (HMRC), Handelsbanken Wealth Management found that taxpayers are younger and older. The FOI request discovered that 7,866 under 15s are filing self-assessment tax returns to HMRC for the 2019/20 tax year. These young taxpayers form part of the 27,845 under 18s sending in their tax returns.
Young and old taxpayers, and many missing deadlines
This 593-word blog post looks at a response to a Freedom of Information request to HMRC that found a large number of very young and very old taxpayers, and also considers the ages most likely to have submitted their tax return late. Written on 18th June 2021.
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