Penalties from HMRC can be severe if you deliberately or unwittingly submit tax returns with errors. This blog from Sestini & Co gives useful pointers to get it right.
Submitted by Sestini
| on Fri, 03/20/2015 - 20:15 | In Uncategorized
There was much excitement* on Wednesday when the death of the (annual) self assessment tax return was announced. I experienced a fleeting moment’s thought as my self assessment tax return list flashed up in the recesses of my brain and I wondered how business would look without that work cycle every year.
But of course, income reporting for personal tax and tax computations are not going to go away. Although the announcement and paperwork released to date is short on detail, [- -]