Member Article

Proposal to end Annual Tax Returns

Ahead of today’s Budget, Kay Ingram, Divisional Director of Individual Savings and Investments at financial planners LEBC commented:

“The proposal to scrap the annual tax return may appear to be welcome news but it could leave taxpayers worse off.

“At present over 25% of tax codes are incorrect. Without a mechanism for taxpayers to report their actual income and gains and to claim reliefs due many taxpayers could end up paying more in tax than is due.”

This was posted in Bdaily's Members' News section by LEBC Group Ltd .