This article underscores the advantages of early tax filing. As the 2022/23 tax year concluded on April 5, 2023, and the new 2023/24 tax year commenced on April 6th, 2023, early filing facilitates efficient tax management and can expedite tax refunds. The article encourages early submission of your tax return before the January 31, 2024, deadline and highlights the possibility of utilizing HMRC's Budget Payment Plan to spread tax payments. This approach provides a chance to reserve funds for tax payments and can accelerate potential tax refunds.
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