Savings interest, CGT allowances, dividend allowances...

[Jamessd]

Eric Mc said:

Accountants have been completing tax returns for clients for centuries.

https://www.pistonheads.com/gassing/topic.asp?h=0&f=210&t=1056109

[Panamax]

Eric Mc said:

Accountants have been completing tax returns for clients for centuries.

Yes indeed. And why does the financial year end on 5 April? Because by then the winter rain and mud was moving into the past tense and the King's tax collectors could get out and about on their horses, shaking down the barons and peasants for some hard cash.

Plus ca change.

[tele_lover]

Rufus Stone said:

Ecosseven said:

Not an issue for me personally as I declare everything through my self assessment but there will be many people who have never had to submit a self assessment return before.

But think of all the £100 fines HMRC will now issue. Nice little earner.

HMRC can't fine you if they didn't send a letter requesting you complete SA.

[Eric Mc]

Panamax said:

Eric Mc said:

Accountants have been completing tax returns for clients for centuries.

Yes indeed. And why does the financial year end on 5 April? Because by then the winter rain and mud was moving into the past tense and the King's tax collectors could get out and about on their horses, shaking down the barons and peasants for some hard cash.

Plus ca change.

They want to change it although they haven't made their minds up yet as to what the new fiscal year might be.

[Eric Mc]

tele_lover said:

Rufus Stone said:

Ecosseven said:

Not an issue for me personally as I declare everything through my self assessment but there will be many people who have never had to submit a self assessment return before.

But think of all the £100 fines HMRC will now issue. Nice little earner.

HMRC can't fine you if they didn't send a letter requesting you complete SA.

A taxpayer has a legal obligation to notify HMRC that they need to complete a Self Assessment tax return. Failure to make that notification can result in late notifcation penalties - as well as late tax payments and linked penalties and interest associated with the late payment of tax.

The £100 self assessment late filing penalty is only one of the many tax penalties that exist.

[Dixy]

2 things are inevitable death and taxes.