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  • FIRST POST
    • Former MSE Helen
    • By Former MSE Helen 18th Mar 15, 4:02 PM
    • 2,324Posts
    • 971Thanks
    Former MSE Helen
    MSE News: Budget 2015: Annual self-assessment tax return to be scrapped in its curren
    • #1
    • 18th Mar 15, 4:02 PM
    MSE News: Budget 2015: Annual self-assessment tax return to be scrapped in its curren 18th Mar 15 at 4:02 PM
    The annual self-assessment tax return is to be scrapped and replaced with a 'digital tax account' from early next year...

    Read the full story:

    Budget 2015: Annual self-assessment tax return to be scrapped in its current form




    Click reply below to discuss. If you havenít already, join the forum to reply. If you arenít sure how it all works, read our New to Forum? Intro Guide.

Page 1
    • chrismac1
    • By chrismac1 18th Mar 15, 4:42 PM
    • 2,562 Posts
    • 1,549 Thanks
    chrismac1
    • #2
    • 18th Mar 15, 4:42 PM
    • #2
    • 18th Mar 15, 4:42 PM
    It's a great vision statement and a major about turn from the "make 'em fill a return and fine them if they are late or muck it up" approach we've had over the past 10 years.


    With the mess that is RTI and the likely car crash in progress that is Auto Enrolment, this looks like being a more ambitious project than either of these. Given that currently some clients have to give exactly the same information to the following three bodies:
    HMRC SA
    HMRC tax credits
    The Student Loan Company


    I would need to see a vastly improved setup within HMRC in terms of data processing to be in any way confident that it will be a successful project. In my view HMRC needs more staff not less unless there is a major and radical change in the approach of management of that organisation. The budget implies double the rate of cuts within HMRC in the next 5 years compared to those we've seen in the last 5.


    So a great vision but from where we stand now it would be a great muck-up.
    Hideous Muddles from Right Charlies
    • gsmlnx
    • By gsmlnx 19th Mar 15, 9:18 AM
    • 1,635 Posts
    • 1,195 Thanks
    gsmlnx
    • #3
    • 19th Mar 15, 9:18 AM
    Not sure this is going to make things better
    • #3
    • 19th Mar 15, 9:18 AM
    Why don't I believe that the new system will be better?

    Well, there are no details about how it will work or how it will be implemented.
    1. Is it really an end to the 31st January tax cut off or else big fines are issued?
    2. How much will this new system cost to implement successfully?
    3. Can the outside IT contractors that the HMRC use actually write a working system first time and to the time and budget constraints?
    4. How much money is to be spent on it and will it reduce costs?
    5. What information is to be auto filled and does the HMRC plan new powers to get more information about you so that they can fill the gaps?
    6. Is the current system really that bad if the only change is that the HMRC plug in your PAYE details from your P60?
    • CLAPTON
    • By CLAPTON 19th Mar 15, 9:26 AM
    • 41,650 Posts
    • 30,691 Thanks
    CLAPTON
    • #4
    • 19th Mar 15, 9:26 AM
    • #4
    • 19th Mar 15, 9:26 AM
    presumably the principle that the tax payer is responsible in law for paying the correct tax will still apply?

    so it will be the taxpayers' responsibility to correct any mistakes the HMRC make

    it strange how many simplification of the tax system haven't made the system simple.
    • kevshed
    • By kevshed 19th Mar 15, 10:09 AM
    • 31 Posts
    • 15 Thanks
    kevshed
    • #5
    • 19th Mar 15, 10:09 AM
    • #5
    • 19th Mar 15, 10:09 AM
    i got an email from TaxCalc yesterday - stating that the devil is in the detail... the systems will run in parallel and the tax return system will be around till 2020... i guess for many , if HMRC can get a working IT system in place(HUGE ASSUMPTION) it may help. Frankly, i don't care - it takes me a little time to do the return (I do use TaxCalc) and its pretty painless.... no big deal.
    • gsmlnx
    • By gsmlnx 20th Mar 15, 8:50 AM
    • 1,635 Posts
    • 1,195 Thanks
    gsmlnx
    • #6
    • 20th Mar 15, 8:50 AM
    • #6
    • 20th Mar 15, 8:50 AM
    Given that the latest Government IT fiasco for a Farmers EU Subsidy Payment scheme has just flopped http://www.bbc.co.uk/news/uk-31976230 , I only await with joy this new system.
    • Tommaso46
    • By Tommaso46 27th Apr 15, 4:01 PM
    • 55 Posts
    • 7 Thanks
    Tommaso46
    • #7
    • 27th Apr 15, 4:01 PM
    • #7
    • 27th Apr 15, 4:01 PM
    HMRC usually sends me a paper tax return form by about 10 April. This year I've received nothing so far. Why?
    Last edited by Tommaso46; 27-04-2015 at 4:02 PM. Reason: spelling mistake
    • chrismale
    • By chrismale 27th Apr 15, 5:34 PM
    • 30 Posts
    • 19 Thanks
    chrismale
    • #8
    • 27th Apr 15, 5:34 PM
    • #8
    • 27th Apr 15, 5:34 PM
    HMRC are sending out letters saying how to file online and if you want to do a paper return you are supposed to download the self assessment forms and guidance and PRINT THEM YOURSELF! This is totally unreasonable. I did not know there was a law that we all had to have printers nowadays.
    • Tommaso46
    • By Tommaso46 27th Apr 15, 5:37 PM
    • 55 Posts
    • 7 Thanks
    Tommaso46
    • #9
    • 27th Apr 15, 5:37 PM
    Hmmm
    • #9
    • 27th Apr 15, 5:37 PM
    HMRC are sending out letters saying how to file online and if you want to do a paper return you are supposed to download the self assessment forms and guidance and PRINT THEM YOURSELF! This is totally unreasonable. I did not know there was a law that we all had to have printers nowadays.
    Originally posted by chrismale
    I see. Thanks for the info. I'll look for the letter you mentioned. And these pages are double-sided too! Printing should be fun.

    I've been doing the paper return for years, and my whole book-keeping routine is built around it so I don't feel like changing to this newfangled web-based thingy, which will probably crash or go wrong when everyone logs on. Anyone up for a bet that all your tax return info will get lost?
    Last edited by Tommaso46; 27-04-2015 at 5:40 PM. Reason: more thoughts
    • Spidernick
    • By Spidernick 27th Apr 15, 8:07 PM
    • 3,708 Posts
    • 8,232 Thanks
    Spidernick
    To my mind paper-filing your tax return is like renewing your VED at the Post Office and I cannot understand why anyone would choose to put themselves through it unless they really had to do so (i.e. no internet access). I cannot think of any benefits in so doing, only negatives.

    Working in tax and having experienced many, many tax returns getting 'lost in the post' or sent from the other side of the planet too late to meet the filing deadline, e-filing is an absolute godsend. Embrace it!
    'I want to die peacefully in my sleep, like my father. Not screaming and terrified like his passengers.' (Bob Monkhouse).

    Sky? Believe in better.

    Note: win, draw or lose (not 'loose' - opposite of tight!)
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