Menu
30/01/2004
FSB calls for tax year date change
The Federation of Small Businesses has called for "common-sense changes" that would make administering the tax self-assessment scheme easier for everyone.
According to reports as the nation scrambles to meet this weekend’s tax self-assessment deadline up to one million taxpayers could miss the January 31 deadline and face an automatic fine of £100.
Mr Simon Sweetman of the FSB’s taxation unit said: “The FSB believes that the Inland Revenue and taxpayers would both benefit from anything that spreads the flow of tax returns more evenly throughout the year - particularly because the current deadline falls so soon after Christmas. One option would be for the self-employed to be allowed to file their tax returns within a year of their accounting date.
“Human nature being what it is more and more people are leaving filling in their tax return until the last two weeks before the deadline. The problem gets worse every year and the system is then clogged for months to come. It makes sense to me to allow different types of taxpayers to file their returns at different times of the year.”
Other changes proposed by the FSB include:
The FSB also said that a single point of contact in a local tax office, rather than call centres, would assist people completing their returns.
The FSB, which offers a tax advice line to members, said they received around 10,000 calls last year.
The FSB is Britain's biggest business organisation with 185,000 members and over 4000 members in Northern Ireland.
The Federation exists to protect and promote the interests of the self-employed, and all those who run their own business.
(SP)
According to reports as the nation scrambles to meet this weekend’s tax self-assessment deadline up to one million taxpayers could miss the January 31 deadline and face an automatic fine of £100.
Mr Simon Sweetman of the FSB’s taxation unit said: “The FSB believes that the Inland Revenue and taxpayers would both benefit from anything that spreads the flow of tax returns more evenly throughout the year - particularly because the current deadline falls so soon after Christmas. One option would be for the self-employed to be allowed to file their tax returns within a year of their accounting date.
“Human nature being what it is more and more people are leaving filling in their tax return until the last two weeks before the deadline. The problem gets worse every year and the system is then clogged for months to come. It makes sense to me to allow different types of taxpayers to file their returns at different times of the year.”
Other changes proposed by the FSB include:
- A facility to pay income tax by direct debit in monthly installments
- A facility to pay over the Internet using a credit card
- A single point of contact in a local tax office
The FSB also said that a single point of contact in a local tax office, rather than call centres, would assist people completing their returns.
The FSB, which offers a tax advice line to members, said they received around 10,000 calls last year.
The FSB is Britain's biggest business organisation with 185,000 members and over 4000 members in Northern Ireland.
The Federation exists to protect and promote the interests of the self-employed, and all those who run their own business.
(SP)
Related Northern Ireland News Stories
Click here for the latest headlines.
24 October 2024
100 Days Left To File Your Self Assessment Tax Return
The clock is ticking for taxpayers who file Self Assessments. HM Revenue and Customs (HMRC) is reminding everyone that they have just 100 days left to submit their return and settle any tax owed before the January 31st deadline. For those who haven't started yet, HMRC offers a wealth of information and guidance on GOV.
100 Days Left To File Your Self Assessment Tax Return
The clock is ticking for taxpayers who file Self Assessments. HM Revenue and Customs (HMRC) is reminding everyone that they have just 100 days left to submit their return and settle any tax owed before the January 31st deadline. For those who haven't started yet, HMRC offers a wealth of information and guidance on GOV.
23 January 2024
HMRC Issues Self Assessment 31 January Deadline Reminder
HM Revenue and Customs (HMRC) has urged the 3.8 million people yet to file their Self Assessment tax return are urged to "act now or risk facing a £100 penalty". HM Revenue and Customs (HMRC) is expecting more than 12.1 million tax returns to be filed for the 2022 to 2023 tax year along with any payment that is owed. To date more than 8.
HMRC Issues Self Assessment 31 January Deadline Reminder
HM Revenue and Customs (HMRC) has urged the 3.8 million people yet to file their Self Assessment tax return are urged to "act now or risk facing a £100 penalty". HM Revenue and Customs (HMRC) is expecting more than 12.1 million tax returns to be filed for the 2022 to 2023 tax year along with any payment that is owed. To date more than 8.
23 October 2023
Just 100 Days Left To Submit Self Assessment Tax Returns
HM Revenue and Customs (HMRC) has issued a reminder to Self Assessment customers that there is now just 100 days left to submit a tax return by the deadline of 31 January 2024. And with the clock ticking down, customers can find various types of help from webinars to step by step guides at the click of a mouse.
Just 100 Days Left To Submit Self Assessment Tax Returns
HM Revenue and Customs (HMRC) has issued a reminder to Self Assessment customers that there is now just 100 days left to submit a tax return by the deadline of 31 January 2024. And with the clock ticking down, customers can find various types of help from webinars to step by step guides at the click of a mouse.
08 July 2015
SDLP Hits Out At Chancellor Over Cut In Working Tax Credits
The Chancellor of the Exchequer has been slammed for targeting lone parents after he announced a cut in Working Tax Credits. SDLP Enterprise spokesperson Patsy McGlone MLA said George Osborne issued a "Budget against working people".
SDLP Hits Out At Chancellor Over Cut In Working Tax Credits
The Chancellor of the Exchequer has been slammed for targeting lone parents after he announced a cut in Working Tax Credits. SDLP Enterprise spokesperson Patsy McGlone MLA said George Osborne issued a "Budget against working people".
30 April 2012
Cochrane Concerned For Impact On Charities
Alliance Finance Spokesperson Judith Cochrane MLA has expressed concern on the impact on charities from the Treasury's proposals for reducing tax relief for donations to a charity. Her comments were made during an Assembly debate on this issue.
Cochrane Concerned For Impact On Charities
Alliance Finance Spokesperson Judith Cochrane MLA has expressed concern on the impact on charities from the Treasury's proposals for reducing tax relief for donations to a charity. Her comments were made during an Assembly debate on this issue.
-
Northern Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
