TaxPersonal TaxRevenue unveils more details of discounts for electronic tax return filing

Revenue unveils more details of discounts for electronic tax return filing

The Inland Revenue has today announced more details of the discounts for taxpayers who file their return electronically following the chancellor's announcement of the move yesterday.

The Revenue said that from April 2000, Self-Assessment tax payers who file their return over the Internet and pay any tax due electronically will receive a discount of £10.

It added that from April 2001, small businesses that file their VAT returns or PAYE end of year returns via the Internet and pay any tax due electronically will receive a discount £50 (or a double discount of £100 for both PAYE and VAT).

In addition, during 2000-01, services will also be introduced so that employers can send and receive a wide range of Pay As You Earn forms and returns via the internet, and VAT registered businesses can send their VAT returns via the internet.

A spokesman said: ‘Internet technology will help deliver the Government’s vision of making services available 24 hours a day, seven days a week.’The discounts should encourage take-up of the new services, lead to administrative savings and boost customer service by offering businesses and taxpayers new ways of dealing with their tax affairs.’

Gordon Brown unveiled the discounts yesterday almost three months after Accountancy Age exclusively revealed such plans were being considered.

£100 discounts for companies who file tax returns electronically – £10 off for individuals

Revenue to offer 5% discounts for taxpayers who file electronically

www.open.gov.uk/customs/c&ehome

http://www.inlandrevenue.gov.uk

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