CIOT wants simplification of self assessment regime
Research by Chartered Institute of Taxation reveals forms are too complicated
Research by Chartered Institute of Taxation reveals forms are too complicated
Following research which revealed that a third of taxpayers find the
self-assessment forms difficult to complete, the Chartered Institute of Taxation
has joined the NAO by calling for HMRC simplify its self-assessment tax regime.
Furthermore, the CIOT said two tax calculation guides issued by HMRC were
also complicated.
John Cullinane, CIOT president, said: ‘The forms and guides reflect how
complex the UK tax system is. In order to simplify the SA forms and guides one
first needs to make the system simpler and clearer. Without this any move to
making the forms ‘easier’ could in fact lead to people getting their tax return
wrong.’
Further reading:
Late self assessors warned on penalties
The numbers you crunch tell a story. Your expertis...
17yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleHMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...
View articleSteven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...
View articleATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleThis was the fourth largest borrowing year since records began in 1993 Read More...
View articleATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...
View article