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| Saturday, 28 September, 2002, 05:43 GMT 06:43 UK Simpler tax form to be tested ![]() Many people find the current form too complicated The simplified form is likely to be just four pages long, instead of the usual 10 pages. "This is for people who are liable to do a self-assessment return but whose circumstances are fairly straightforward," said Ann Chant, the Inland Revenue's deputy chairman. The target groups include those in "simple self-employment, pensioners or income from two or three sources." A pilot scheme will be launched in two areas of the UK from April 2003. The form may include fewer boxes to complete on subjects like investment income, property and Capital Gains Tax. "Frankly, we'll see how it goes and make improvements in the light of experience," said Ms Chant. Less hassle The Inland Revenue has been developing the idea of a simplified self-assessment form for about a year, in consultation with the Low Incomes Tax Reform Group and tax agents. If the scheme is a success, simplified forms might eventually be issued to at least 1 million taxpayers in the UK. Around 9 million people are liable for self-assessment. The Inland Revenue is also understood to be considering a more radical scheme, where some taxpayers who qualify for self-assessment might not have to fill in a tax return. They might, instead, simply have to confirm a few statements about their income. |
See also: 26 Sep 02 | Business 26 Sep 02 | Business 03 Jul 02 | Tax 03 Jul 02 | Tax 08 May 02 | Business 23 Sep 02 | Business Internet links: The BBC is not responsible for the content of external internet sites Top Business stories now: Links to more Business stories are at the foot of the page. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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