Finance savvy Brits set tax return record

The British tax payer showed that they are becoming more savvy than ever before in the past financial year, as more self assessment tax returns were sent back in time than ever before, according to the latest figures.

HMRC has reported that the number of tax returns filled in on time amounted to 9.45 million, with 80.9 per cent of these completed online.

This means that some 90.4 per cent of the forms were returned to HMRC in the correct timescale in the past year, the highest figure since the inception of the governmental body.

David Gauke, exchequer secretary to the treasury, said: "HMRC have always been clear that they want returns not penalties, so it is good news that over 90 per cent of all returns were submitted on time."

Brits have shown last week that their finances are improving as well, as it was reported by Credit Action that the average debt in the UK actually fell in December, despite the stress of Christmas.

Norton Finance, Norton House, Mansfield Road, Rotherham, South Yorkshire S60 2EB Tel: 01709 518518

Norton Finance is a trading style of Norton Financial Services Limited - Company Registration Number: 1703503 - CCL Number: 142718

© 2012 Norton Finance