Summary

The Inland Revenue is sending out nine million tax returns in 1997 for the new self assessment system. The new forms and new system of self assessing and paying tax represent a radical departure from the previous way of doing things. This book explains step-by-step how the new system works, how to fill in the new tax return, and what are some of the pitfalls to avoid. There are new powers for automatic penalties. surcharges and interest, and a chapter is devoted to avoiding these. The book also includes a chapter on how to pay less tax. Worked examples and illustrations are included throughout.