Selssessed tax system must be simplified, say accountants.

From: The Birmingham Post (England) | Date: February 9, 1998 | Copyright information

Leading accountants are calling for a change to the selssessment tax system in the wake of recent figures from the Inland Revenue showing nearly one million forms were not returned by the January 31 deadline.

For many, that will mean fines of pounds 100 and an interest charge of 9.5 per cent on unpaid tax.

Ms Sheena Sullivan, tax partner at accountancy firm Pannell Kerr Forster, said: "If 11per cent of taxpayers are failing to meet the deadlines there has to b...

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