HMRC plans 'penalty points' system for those who miss tax returns deadline

dori2o

Castle wrote: »

Because the self employed are taxed on their profits not their income

Thats fair enough, but the current way of dewaling with SA is unsustainable. Yet there are always those who complain despite the fact many don't have to pay their taxes until almost 9 months after the end of the tax year, or if they make payments on account, until month 9 of the tax year the tax is due in.

The quaterly filinh should also enable people to stay on top of what tax is due instead of getting to Jan 31 and realising they have not made provision to pay the tax due on their profits.

nonolerigolo

dori2o wrote: »

Thats fair enough, but the current way of dewaling with SA is unsustainable. Yet there are always those who complain despite the fact many don't have to pay their taxes until almost 9 months after the end of the tax year, or if they make payments on account, until month 9 of the tax year the tax is due in.

The quaterly filinh should also enable people to stay on top of what tax is due instead of getting to Jan 31 and realising they have not made provision to pay the tax due on their profits.

Maybe the governement should change when he is getting the money I agree with that. Neithertless it far too much work to do it 4 times a year. It is already enough once a year. We should start being paid for doing it four time a year.

badmemory

It will also quadruple any accountants bill, a serious hit for someone who isn't confident enough to do it for themselves or has more complicated affairs.

From a personal point of view - HMRC is told in Feb or earlier before the new tax year starts what my income is going to be (as they know for all state pensioners, that is how they send the appropriate codes out to the other taxable pensions they have). Why can they not just send out a letter saying - in the coming tax year we know you will owe whatever in tax how do you want to pay it. I would be quite happy to pay by (if my bank will do it) 4 weekly DD. Why do my very simple affairs have to be overcomplicated like this?

Wimbrel

I'd love to file online but the HMRC seem completely unable to deal with a simple change of email address. I've rung, explained the situation and received a new code three times now but each time the system tells me that there is already an account in this name and then, presumably, sends the recovery info to a defunct email address . So I'm currently sorting out yet another paper return.

How the frilly heck I'm supposed to manage three monthly updates on an account which it seems beyond the wit of HMRC to get me access to is a most perplexing mystery.