Taxation – Self-assessment returns fall

Taxation - Self-assessment returns fall

The Inland Revenue has revealed a sharp fall in self-assessment returns before the 30 September deadline despite efforts to secure early responses, writes Lawrie Holmes.

The drop from last year’s figure of 3.9 million to 3.82 million (3.65%) was seen as a serious blow to the Revenue. While partnership and trust returns were up, the Revenue was concerned by a drop of over 200,000 individual returns to 3.5 million.

Francesca Lagerberg, a senior technical manager at the English ICA, said more people were using tax advisers this year and would wait until January’s deadline to file.

John Battersby, a personal financial services partner at KPMG, said taxpayers thought self-assessment was ‘not that awful’ and they could deal with it themselves.

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