Taxing times for investors
Article Abstract:
British taxpayers with self-assessment forms have to send them in by Sep 30 1999 if the tax office is to calculate their tax for them. Some taxpayers may need supplementary pages, which can be downloaded from the tax authorities' web site. Guesses and notes should be used rather than gaps, or the return will not be accepted. Inquiries could occur if information is omitted, though random inquiries into returns are rare. Inquiries for the tax return to be submitted by Jan 2000 can be subject to inquiries for 12 months afterwards.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Taxpayer, assess thyself
Article Abstract:
The United Kingdom has moved to a system of self-assessment for tax and this affects 8.5 million taxpayers. The tax authorities will calculate tax owed if forms are returned by Sep 31 1997, and help is also available for filling in the tax return. Some large UK banks are offering help with the tax return completion, and taxpayers with complex affairs should seek an accountant. Software packages are also available that will produce a tax form which the tax authorities will accept.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Tax planning: the end of the year is nigh
Article Abstract:
UK investors should assess their tax situation prior to the end of the 1995 to 1996 fiscal year. They may have assets from Tax Exempt Special Savings Accounts (Tessas) which could be moved to a personal equity plan (Pep). They should note that new rules on the State Earnings Related Pensions Scheme come into force from April 1997. They should also bear in mind that the UK Labor Party may win an election and block some methods of avoiding inheritance tax.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic: