Self-Assessment

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Self-Assessment

In taxation, any system that allows the individual taxpayer to determine how much he/she owes in taxes. In a self-assessment, the taxpayer declares his/her income, makes deductions and credits, and arrives at the amount owed. A self-assessment is subject to review (and perhaps an audit) by the tax authorities.
References in periodicals archive ?
A pre-service teacher learns that self assessment equates to life long learning.
It follows reports that up to one million taxpayers will have missed Monday's deadline for filing their self assessment returns.
The Blackboard K-12 Starter Edition is comprised of the features teachers and parents have requested such as parent roles, moderated discussion boards, self assessments and testing with multiple attempts.