Link: Self assessment news
Launched earlier this month, the report will examine the Inland Revenue’s ‘practices and performance’ in receiving correct returns on time.
Currently around 30% of forms that are filed are inaccurate, and one in 10 are filed late.
The study, which will also look into how the Revenue identifies those who should file a return and how its complexity can be reduced, is currently at the planning stage.
If a full study does go ahead, as expected, the NAO will publish its report in spring 2005.
The self-assessment regime was established in 1996 – but the NAO has conducted just one study, completed in 2001. It concluded that systems could be further improved by ‘reviewing the operation and effectiveness of their approach to enforcement’ and ‘revising their performance targets’.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy