You and the Inland Revenue

Article Abstract:

The new self-assessment approach being adopted by the UK Inland Revenue will mean that most people will deal with a single tax office for all their tax affairs, regardless of what type of income they have. A tax return will generally be sent to people who are a higher-rate taxpayer, who receive income which is not already taxed, who are self-employed or who have complicated tax arrangements. Tax for the tax year beginning Apr 05, 1996, will have to be paid by Jan 31, 1998.

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You and the Inland Revenue

Article Abstract:

Tax issues can be very complicated, especially for people who are a higher-rate taxpayer, self-employed or have income not already taxed before they receive it. There are a number of forms of tax which may be demanded, including capital gains tax, income tax, inheritance tax and value added tax (VAT). It can sometimes be difficult to deal with tax officials, but taxpayers' rights are now protected under the Taxpayer's Charter.

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Income from a job or pension

Article Abstract:

The Pay As You Earn (PAYE) scheme involves the Inland Revenue deducting tax from most salaries and many pensions before payment is received. Employers are allocated a PAYE code for each member of staff, thus ensuring that the correct amount of tax can be deducted. There are various letters attached to the code, allowing employers to alter the code automatically each year in line with Budget changes.

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