Simple Assessments to Replace Tax Returns for Simple Cases

For some taxpayers HMRC hold all the data required to finalise their annual tax calculations, so instead of requesting a tax return from these individuals, HMRC will now issue a simple assessment. This new system commenced in September, applying currently to new state pensioners with income exceeding their personal allowance and PAYE taxpayers who have underpaid tax that cannot … Continue reading Simple Assessments to Replace Tax Returns for Simple Cases