High error rate on tax
5th June 1997, Page 11
5th June 1997
Page 11
Page 11, 5th June 1997
— High error rate on tax
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Keywords :
Taxation In The United Kingdom, Inland Revenue, Property Tax, Tax Resistance, Business / Finance
• Up to 30% of hauliers have completed the new self-assessment tax forms incorrectly, according to new figures from the Public Services, Tax and Commerce Union. Mistakes range From "genuine misunderstandings" to Failing to mention the names of subcontractors used by a firm.
Bill Hawkes, assistant secretary of the PTC says: 'The forms are very long and complex and people should get advice From the Inland Revenue or their local tax offices," Hawkes says.
The standard of returned Forms is expected to improve with the later entries completed with the help of advisers. According to trials carries out in Leicester about 15% of forms were returned late, (CM 24-30 April).