HMRC: Self-Employed Workers Twice as Likely to File Taxes Late

Lower paid self-employed twice as likely to file late taxes

standfirst: The ‘invisible workforce’ without access to accountants or financial advisers struggle with ‘unpredictable income and limited support’Self-employed workers on the lowest incomes are significantly more likely to miss the Self-Assessment filing deadline than higher earners.Those below the basic rate tax threshold are filing late at nearly double the rate of higher and additional rate taxpayers, a Freedom of Information (FoI) request su…

HMRC: self-employed workers twice as likely to file taxes late

Self-employed workers are twice as likely to file their taxes late compared to higher earners, City AM can reveal, amid renewed focus over the administrative burden facing freelancers and sole traders.  Those that are self-employed and on the lowest incomes below the basic tax rate threshold, are “significantly more likely to miss the self assessment deadline than higher earners” at nearly double the rate, according to the UK’s tax collector, HM…

HMRC data reveals self-employed workers on lowest incomes are twice as likely to file late