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In the US our employers also submit our taxes to the govt. But because they don’t have enough information about our lives (mortgage payments, donations, savings
by hahajk 6y ago
In the US our employers also submit our taxes to the govt. But because they don’t have enough information about our lives (mortgage payments, donations, savings incentives) they send the wrong amount. In April we “file our tax return” and pay/have returned the difference.
- alexchamberlain 6y agoInteresting. Mortgage payments wouldn't attract tax relief in the UK, and everything else has a nil rate band, so only those with large savings have to declare. Charity donations are dealt with through a scheme called Gift Aid - essentially, the charity claims the tax back.