Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

A critique of the self-assessment regime

22 March 2022 / Jay Vala
Issue: 4833 / Categories: Comment & Analysis , OTS , self assessment , tax policy
75420
Tax is taxing

Key points

  • HMRC should be adequately staffed.
  • Focus on making tax digital shifts the onus of tax compliance on to the taxpayers.
  • Making tax digital needs to be a clearer system.
  • The Office of Tax Simplification has an important role to play in the improvement of the tax system.

In this article I will focus on the self-assessment system and tax documents which frequently lack information and clarity to enable the completion of a tax return with relative ease (especially by the unrepresented taxpayer). I will also discuss HMRC forms and other areas which are an integral part of the tax system to help taxpayers/agents at a practical level.

Self-assessment deadline of 31 January

According to HMRC 12 million taxpayers were required to file a 2021 tax return. Based on statistics at the beginning of January 2022 six million tax returns were outstanding – a staggering number. Thankfully...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
FIVE WAYS TO MAKE ACCOUNTS PRODUCTION AND TAX EASIER.
Download the exclusive Xero
free report here.

New queries
Please email any questions you might have
to: taxation@lexisnexis.co.uk.

back to top icon