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UK Switching to Digital Returns

UK Switching to Digital Returns

BBC News reported yesterday that by 2020 the UK will replace physical, mailed tax returns with online accounts. Government-issued logins will allow taxpayers to submit tax details all year long, and will more easily facilitate the implementation of installment payments. This transition is part of an effort to improve the way that taxpayer information is collected and taxes are paid.

This changeover is expected to begin in 2016; the initial roll-out will select a limited number UK businesses and taxpayers, who will be able to access their online tax accounts using personal computers and other popular mobile devices.

To read the full article, click here.

Source: BBC News

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