By this autumn you will be able to file your self assessment tax returns electronically, using a government service to be announced next month.
The Inland Revenue teamed up with Microsoft last year to produce a programme, dubbed Microsoft Taxsaver 99, to be used online. The package will incorporate all the changes in tax and allowances made in last month?s budget.
Microsoft confirmed that the package is to be launched next month, but refused to comment further. According to sources, accountancy firm KPMG have been testing the software for Microsoft.
Taxsaver 99 will store data for use in the following year?s tax return with the addition of an upgrade that will outline updated tax rates and allowances, according to sources. The software incorporates the image of Hector the Inland Revenue?s bowler hatted tax inspector characature that it uses on its literature.
The government has made it clear that it wants departments to adopt electronic communication to improve efficiency. By providing a route for electronic self assessment of tax returns, it hopes that more people will be able to meet its deadlines.
It is speculated that the government will include Taxsaver 99 in its Small Business Service, unveiled in the budget. One of the aims of this service included electronic tax returns.
The service is expected to go live in the autumn.
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