The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
From 2016/17 onwards, HMRC has the power to make a ‘simple assessment’ of the taxpayer’s income tax and / or capital gains tax liability outside of the Self Assessment system.
This has been introduced to support the Making Tax Digital agenda. As HMRC already receives significant amounts of information on the income received and tax paid by taxpayers via existing data-gathering channels, including the information provided by employers under real time information (RTI), it should make better use of this to make it easier for individuals with straightforward tax affairs to comply with their obligations.
As was expected when simple assessments were introduced, HMRC announced in September 2017 that it would begin moving the following groups out of the Self Assessment regime and will issue simple assessments instead:
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