You and the Inland Revenue
Article Abstract:
Nine million people in the UK complete tax returns. This group includes the self-employed and higher-rate taxpayers. Taxpayers have to send their returns to the Inland Revenue by a specified date each year. Taxpayers who have not sent in their returns by this specified date will pay a penalty. Taxpayers must keep records relating to the information supplied in the tax return. Taxpayers have a compensation entitlement for mistakes made by the Inland Revenue, and they can claim rebates on tax overpayments. Systems exist to correct underpayments.
Publication Name: Which?
Subject: Consumer news and advice
ISSN: 0043-4841
Year: 1999
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You and your family
Article Abstract:
There are many different tax rules which apply to families of all kind in the UK. A basic personal allowance of 3,765 for the 1996-1997 tax year applies to both husband and wife, and married couples can also claim an allowance of 1,790 pounds sterling. In most cases, allowances cannot be transferred, except the married couple's allowance, the blind person's allowance and mortgage interest relief. A married couple can receive tax relief on the interest of loans of up to 30,000 pounds sterling used to purchase their only or main home.
Publication Name: Which?
Subject: Consumer news and advice
ISSN: 0043-4841
Year: 1997
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