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The inconsistent criteria for completing a self assessment return
KEY POINTS
- Is the requirement to complete a self assessment tax return applied consistently?
- Penalties may be issued for unsubmitted returns even when there is no liability or a form R40 has already
- been filed.
- HMRC’s guidance on when and to whom a return should be issued.
- Should the form R40 be given the same status as a self assessment tax return?
- Should the parameters for filing a return be amended or made compulsory for all?
At a recent meeting with a company director we were asked “Why am I having to complete a tax return? There’s no point.”
In his mind his tax affairs were simple and straightforward: he had one employment received dividends from his company no benefits in...
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