What percentage of sole traders get their tax return done before October?

D

DB74

Registered User
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0.01% by my calculations :(

[there is a margin of error of 0.01% built into the above calculations]
 
An interesting question and I would say that it is far higher than your estimate, but I don't really know.

If they have accountants, the accountants would be putting them under pressure to get it sorted out well in advance of the deadline.

As around 50% have accountants, I would imagine that a lot get it done before the end of October.
 
If you mean filed by 30 September. I would guess about 10%.

Those being taxpayers that need a notice of assessment for a grant application or something like that.
 
Hi Joe

Why do you choose 30th September?

Is 30th October not the deadline for making written tax returns for the previous year?

Brendan
 
When I worked in practice, October/November was the period for completing and filing IT returns. The sole trader's accounts have to be prepared first, and this would be done during the year according to their accounting year ends, and also when they dropped in the files/details to you. Some were organised with their book-keeping, some not so! Clients were told to have the stuff in in plenty of time as October was going to be manic, and if didn't get the info in to us in reasonable time they were unlikely to avoid the surcharge! The fear of a surcharge was generally enough to get their skates on.
 
Ya I took the question to be how many file before October, therefore before 30 September.
Fair dues Tommy that's a good %.
 
Gervan said:
Is it seriously going to be possible to get returns in for year end 31st December, by June 2014?
Even September is a significant shortening of working time to prepare accounts.
Click to expand...

Have I missed something big?

Have the deadlines all been changed?
 
T McGibney said:
30 June deadline is an utter non-runner unless Revenue radically change their systems & get their own act together.

For example, it took several months this year for Revenue to organise pre-population of 2012 return PAYE/DSP data. If memory serves me correctly, it also took well into January for Revenue to make the ROS Form 11 return available. This should have been up within days of Budget 2013.

In addition, the increasingly creaky ROS Offline is no longer fit for purpose as an efficient tax return generation system. It was cutting edge 10 years ago but now needs a major facelift.
Click to expand...

As the last person in the office I have no-one to ask, so I'll just risk showing my ignorance on thread... are they shortening the CT filing timeline?
 
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