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 ?
Angela MacDonald, director general of customer services at HM Revenue & Customs, said: "Twenty years ago, filing Self Assessment returns on a mobile phone would have been unimaginable.
Experimental groups received treatment on self assessment and they were given instructions to self assess their listening and reading using self assessment report sheets.
The 2010 Fair Lending Self Assessment Review gives financial institutions insights into their data so they can explain or credibly defend their numbers.
Regular self assessment of ethics and professional responsibility provides an opportunity for students to reflect and for program outcomes assessment of this domain.
The new self assessment tax system could be a nightmare for employers as well as individuals.
And with the introduction of Self Assessment you will have to get yourself organised if you want to keep on top of your finances
The model that was developed at the University of Missouri was built around five major components: self assessment, self development, team building, mentoring, and challenging assignments.
PEOPLE due to file Self Assessment returns for the first time have been urged to register now for HM Revenue & Custom's online service.
Parents on higher incomes who still receive Child Benefit have been reminded that they must register for Self Assessment.
HM REVENUE and Customs (HMRC) is issuing a reminder to anyone in North Wales who hasn't yet submitted their 2008-09 Self Assessment tax return.
A pounds 100 fine from the taxman could be the New Year surprise for people who submit their tax self assessment returns late, cautions the Association of Chartered Certified Accountants as the January 31 deadline looms ever-closer.
Around 100,000 people in the county have been sent self assessment forms this year and HM Revenue and Customs is urging those who have not filed their return to do so online at www.