Commentary

A4.307 Real time transaction tax return

Administration and compliance

A4.307 Real time transaction tax return

A4.307 Real time transaction tax return

Since 2016, taxpayers have been able to report chargeable gains or allowable loss via a real time transaction tax return that can be filed at any point up to 31 January after the end of the tax year. This was introduced as part of the HMRC's digital agenda and although aimed at unrepresented taxpayers, can be used by individuals or trustees whether or not they are required to file a self assessment tax return.

It is understood from the HMRC Press Office that the statutory framework for the real time transaction tax return is the

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