AccountingWEB members have been very vocal in sharing their thoughts, worries and concerns about the impending abolition of the annual tax return, as announced in the Budget 2015 speech yesterday.
The finer detail is not yet known, however within five years the annual return will be phased out. Tax returns will instead be replaced by automatic uploads of their income, pre-populated using data from third parties such as employers, banks and investment firms and accessed anytime via a single digital tax account.
We will be covering the issue in more detail through a tax expert/software vendor analysis article in the next few days.
However, in the meantime we have sifted through the comments and come up with some top concerns, which are collated below - please vote for the one that is most pressing for you.