TaxPersonal TaxSpeculation fuelled about amnesty as 1.2m tax returns remain outstanding

Speculation fuelled about amnesty as 1.2m tax returns remain outstanding

The explosion in 'tax refuseniks' has encouraged speculation that a tax amnesty will be introduced in next week's Budget, according to online tax advisory service, virtuallyanywhere.co.uk.

According to a spokesman: ‘Self-Assessment problems are mounting as the new tax system is increasingly seen as a licence for tax evaders. This has encouraged speculation that there may be a limited tax amnesty introduced in the forthcoming budget.’

The advisory service said Revenue figures confirm that 1.2m taxpayers missed the 31st January deadline for filing 1998/9 tax returns, bringing the total of taxpayers who have ignored filing deadlines since self assessment was introduced in 1996/7 to more than 3m.

With some 350,000 returns still outstanding for 1997/8 and earlier, there is evidence of an increasing number of ‘tax refuseniks’ opting out of the system, the spokesman added.

www.Virtuallyanywhere.co.uk

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