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.
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References in periodicals archive ?
Angela MacDonald, director general of Customer Services, said:"January may seem a long time away, but if you've not done Self Assessment before and you're now required to, you need to register.
"The deadline for returning your Self Assessment, and paying any tax owed, is January 31.
Help is available from the GOV.UK website at www.gov.uk/self-assessment-tax-returns or from the Self Assessment helpline on 0300 200 3310.
Officials said a record 10.24 million people did manage to get their self assessments in by January 31, with 85% of those doing it online.
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 consists of a series of reports and analyses designed to help lenders more easily prepare for the increased scrutiny over Fair Lending practices widely expected in 2010 and 2011.
To register visit the HMRC website at www.hmrc.gov.uk/sa and click "Register for Self Assessment Online".
This retrospective analysis of the past 5 years of these self assessment reports includes a mixed methods approach, quantitative and qualitative, to assess this new educational approach for evaluating students' reflection and self assessment of professional responsibilities.
Self-assessment is already a practised tool to enable public sector departments to identify their strengths and weaknesses; however, the larger concern lies in the accuracy in planning and early stages of self assessment to enable our public sector to reach even higher standards of performance," said Shemaili.
"HMRC's self assessment online filing service experienced technical difficulties which meant some taxpayers have experienced difficulties filing online," he said.
A pre-service teacher learns that self assessment equates to life long learning.