Almost 300,000 Self Assessment customers filed their tax return in the first week of the new tax year, almost 10 months ahead of the deadline, HM Revenue and Customs (HMRC) has revealed.

Customers can file their Self Assessment returns for the 2023 to 2024 tax year between 6 April 2024 and 31 January 2025. Almost 70,000 people filed their return on the opening day this year (6 April) and HMRC is encouraging people to do it early and not to leave it until January.

Visit GOV.UK to find out more about Self Assessment and how to file a tax return. By filing tax returns early, people can take their time to complete their returns – making sure the information is accurate and avoiding the stress of last-minute filing.

It can also help with budgeting and helping spread the cost of their tax bill. Customers can set up a budget payment plan to make weekly or monthly direct debit payments towards their next Self Assessment tax bill. Refunds of overpaid tax will be paid as soon as the return has been processed. Customers can also check if they are due a refund in the HMRC app.

In recent years, HMRC has seen more and more customers file their tax returns early. Last year, more than 246,000 people submitted their Self Assessment between 6 and 12 April 2023.

Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “Filing your Self Assessment early means people can spend more time growing their business and doing the things they love, rather than worrying about their tax return.

“You too can join the thousands of customers who have already done their tax return for the 2023-24 tax year by searching ‘Self Assessment’ on GOV.UK and get started today.” HMRC has updated guidance on filing tax returns early and help around paying tax bills on GOV.UK.

Anyone who is new to Self Assessment and thinks they might need to complete a tax return for the 2023 to 2024 tax year can use the Self Assessment online tool to check whether they need to register for Self Assessment and submit a return.

People may need to complete a tax return for the 2023 to 2024 tax year and pay any tax owed if:

  • they are a self-employed individual with an income over £1,000
  • they have received any untaxed income over £2,500
  • they are renting out one or more properties
  • they claim Child Benefit and they or their partner have an income above £50,000  
  • they are a partner in a partnership
  • their taxable income earned from savings and investments is more than the £10,000 personal savings allowance
  • their taxable income earned from dividends is more than £10,000

·         they have paid Capital Gains Tax on assets that were sold for a profit above the Capital Gains threshold