What simple assessment means for you?
Posted by Clear House Accountants on January 30th, 2019
Under Simple Assessment, HMRC automatically calculates tax liabilities using a Simple Assessment Calculation ‘SAC’ for some taxpayers. This removes them from self-assessment system. The procedure will start by concentrating on new state pensioners and PAYE clients.
In the new Simple Assessment procedure HMRC is going to use the data they received from other sources to decrease the number of individuals that must submit a Tax Return:
HMRC will analyze the data that they hold to automatically compute any tax owed:
Simple Assessment will presently be used only in the simplest of situations but will be released for more complex cases together with the planned improvements to the personal tax accountantAlso See: Simple Assessment, State Pensioners, Self Assessment, Tax Return, Tax, Hmrc, Assessment
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