Date: Tuesday, September 16, 2008
Time: 11 PM
Place: Kitchen
Every January, the personal money pages of newspapers are
full of advice on getting your self assessment tax return in on
time. It’s wise advice even if, as I know personally only too
well, it’s because a lot of the people who write these pages
have failed to give any serious thought to their own tax
returns and are feeling panicky and guilty and are fearful of a
fine for late filing and wondering where they will find the
money for such a fine.
Only one in three tax-payers has to fill in a self assessment
form. That’s around nine million people. But millions more
can save tax or get a refund if only they bothered. There are
scores of perfectly legal tax-saving loopholes that anyone can
easily access without paying big accountancy fees. HMRC will
tell you about them if you ask. But in most cases it will not
volunteer the information or send you letters begging you to
claim a refund.
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