A4.306 Simple assessments

A4.306 Simple assessments

For 2016/17 and subsequent years, HMRC has the power to make an assessment of an individual's or trustee's income tax and / or capital gains tax liability without their first being required to complete a self assessment return, where HMRC has sufficient information about that individual (whether it is received from the individual or a third party) to make the assessment1.

HMRC has, since September 2017, removed the need for two groups of taxpayers to complete a tax return:

  1.  

    •     new state pensioners whose state pension is more than the personal tax allowance for 2016/17 and the tax due cannot be collected through their tax code, and

  2.  

    •     PAYE customers who have underpaid tax and who cannot have that tax collected through their tax

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial