Filling of Income Tax Self-assessment Returns

Filling of Income Tax Self-assessment Returns
Author: Great Britain: National Audit Office
Publisher: The Stationery Office
Total Pages: 92
Release: 2005-06-22
Genre: Business & Economics
ISBN: 9780102933239

This NAO report examines the progress made by the Inland Revenue (now HM Revenue and Customs) to help ensure that correct Income Tax returns are sent on time from those who are required to submit them, focusing on the following issues: the reasons why taxpayers should file them on time and accurately; the Department's performance in getting returns in by the deadline and in chasing late returns; accuracy of taxpayers in submitting returns and of the Department in processing them; and the need to make forms easier for people to complete in order to reduce compliance and processing costs. The report makes a number of recommendations for improvements focused on seven areas, including achieving the 2008 Public Service Agreement target for the proportion of taxpayers who file on time; using sanctions to encourage timeliness of tax returns; improving the accuracy of Revenue processing methods; and improving the clarity of the self assessment form.

Managing Income Tax Compliance through Self-Assessment

Managing Income Tax Compliance through Self-Assessment
Author: Andrew Okello
Publisher: International Monetary Fund
Total Pages: 38
Release: 2014-03-11
Genre: Business & Economics
ISBN: 1475515235

Modern tax administrations seek to optimize tax collections while minimizing administration costs and taxpayer compliance costs. Experience shows that voluntary compliance is best achieved through a system of self-assessment. Many tax administrations have introduced self-assessment principles in the income tax law but the legal authority is not being consistently applied. They continue to rely heavily on “desk” auditing a majority of tax returns, while risk management practices remain largely underdeveloped and/or underutilized. There is also plenty of opportunity in many countries to enhance the design and delivery of client-focused taxpayer service programs, and better engage with the private sector and other stakeholders.

Self-assessment for Income Tax

Self-assessment for Income Tax
Author: N. A. Barr
Publisher: Institute of Chartered Account Institute for Fiscal Studies
Total Pages: 240
Release: 1977
Genre: Business & Economics
ISBN:

This volume raises the question whether the benefits of the present UK system are outweighed by the costs. It goes on to discuss methods of tax administration which would free resources for more obviously productive purposes. After a detailed analysis of the income tax system of the UK, the USA, Canada and Sweden, the authors conclude in favour of a phased introduction of self-assessment into the UK, together with the simplification of allowances and extensive computerisation of tax administration.

The expansion of online filing of tax returns

The expansion of online filing of tax returns
Author: Great Britain: National Audit Office
Publisher: The Stationery Office
Total Pages: 40
Release: 2011-11-11
Genre: Business & Economics
ISBN: 9780102969979

HMRC's programme to increase online filing of tax returns has made significant progress. HMRC was set an ambitious timetable to expand the use of online filing and now more than 11.5 million customers a year are submitting one or more tax returns online, generating significant savings. Take-up rates have increased significantly, particularly after mandatory online filing requirements have come into force. Nevertheless, take-up rates on some taxes (VAT, Corporation Tax and Self-Assessment) have been below original forecasts and HMRC has lowered its forecasts in the light of take-up achieved so far. Customers generally recognise the efficiencies and practical benefits that online filing offers although HMRC has yet to measure whether the anticipated benefits and costs to customers are being achieved in practice. Some users have concerns about the costs and usability of filing VAT and Corporation Tax returns online, and about delays in getting login details to access the Self-Assessment online service during peak periods. Levels of satisfaction with the assistance offered through various helpdesks also vary. Online filing is delivering significant savings to HMRC, an estimated £126 million so far. HMRC cannot demonstrate whether it is maximising benefits as it does not yet fully understand the relative costs of dealing with paper and online returns or the costs and benefits of seeking greater take-up.

My German Tax Return

My German Tax Return
Author: Akademische Arbeitsgemeinschaft
Publisher: Akademische Arbeitsgemeinschaft Verlagsgesellschaft
Total Pages: 112
Release: 2024-02-28
Genre: Business & Economics
ISBN: 3965331310

This is a tax guide for all employed persons who want or need to file an income tax return (or: tax declaration) in Germany but do not speak much German. It explains the basics of German tax law and guides you through the most important questions and tax forms: Where do I file an income tax return (Steuererklärung)? What deadlines do I need to know regarding my tax return? Which tax office (Finanzamt) do I have to submit my tax return to? May I send a German tax return by email? Which expenses are deductible in a tax return? Are there lump sums (Pauschbeträge) or do I have to calculate every little bit? What do all these weird words in the tax forms mean? What do I need may wage tax certificate (Lohnsteuerbescheinigung) for? What do tax payers mean when they talk about the " Mantelbogen"? What the heck is " Elster", if not a magpie? How do I fill in the Annex N? Is there a chance for a tax refund? ...And so much more! It's so much easier than you think! Even for native speakers, German tax law sometimes seems rather incomprehensible. But then, most of the time, it's not as complicated as you may have feared! Many tax forms are actually quite self-explanatory. Whether you do your tax return yourself or seek professional advice: This guide about filing a tax return in Germany will help you! Though you may speak little or no German, you can basically do your tax return yourself. But even if you use the services of a tax advisor (Steuerberater) or go to an income tax help association (Lohnsteuerhilfeverein), the following applies: only if you know the basics of German tax law you can point out important facts to your advisor that may be unusual for other taxpayers.

Self Assessment

Self Assessment
Author: Niki Chesworth
Publisher:
Total Pages: 204
Release: 1998
Genre: Income tax
ISBN: 9780749426538