Feeds

One in four tax bills will be wrong

Online tax advisory warns of impending cock-up by Inland Revenue

  • alert
  • submit to reddit

High performance access to file storage

Up to two million British taxpayers face paying the wrong tax bill thanks to Inland Revenue bungling. With less than two weeks left to submit Self Assessment tax returns for the 1998/99 tax year, the Inland Revenue still has three million forms outstanding. Civil servants will be rushed off their feet trying to cope with the flood of forms. What's more, it will be unlikely to meet its own target of 75 per cent accuracy, published in the Revenues Operating Plans for 2000-2001. So claims VirtuallyAnywhere.co.uk, an online tax advisory company. "The Inland Revenue is targeting and expecting to get tax bills wrong for one in every four Self Assessment taxpayers – some two million people," it trumpeted. "The worrying thing about this is that it is likely that taxpayers, without professional advisers, will not know if the Inland Revenue has got their tax bill right or wrong," commented Nigel Duke, the company's MD. VirtuallyAnywhere charges £80 to help people fill out their returns. It is currently pressing for the government to offer online facilities for tax returns - something it plans to offer on its site for the next financial year. ® Related stories: Taxman at risk from Y2K bug

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.