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

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

Chancellor Gordon Brown today confirmed that discounts will be offered to corporate and individual taxpayers who file their returns via the internet, almost three months after Accountancy Age exclusively revealed such plans were being considered.

The Revenue initially considered a 5% discount with an upper limit for high earners.

But according to the chancellor commenting on TheStreet.co.uk, it has now been decided the limit will be fixed at £10 for individual tax payers and £100 for companies, a split of £50 for submittingVAT forms to Customs & Excise and £50 to the Inland Revenue.

The tax windfall is part of the Government’s goal to make the Internet more attractive for tax payers and the wider plan to make all governmentservices electronically accessible by 2008.

Plans for such a move were announced in an Inland Revenue and HM Customs and Excise e-commerce paper after an initial announcement in the last Budget,but the Revenue has only begun to address the level of the rebate seriously in recent months.

E-filing to slash tax bills

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