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Self Assessment is definitely not "20-30 minutes". Anyway what's crazy is that we have to do this at all. In normal countries the government calculates the ta
by rwmj 4y ago
Self Assessment is definitely not "20-30 minutes".
Anyway what's crazy is that we have to do this at all. In normal countries the government calculates the tax you owe based on information filed by your employer, bank etc, and then sends you the bill. If you agree with it, you pay that. You are required to do no work at all unless you want to dispute the bill.
- itake 4y agoHow do you track income that wasn’t from your employer? Like rent? How do you track deductions like installing a heat pump?
- DangitBobby 4y ago> dispute the bill
- rwmj 4y agoYou'd have to ask how they do this in one of the European countries that has this kind of system. I suppose for rent you might need to register the rental (not a bad idea for landlords to be registered), and for the heat pump perhaps the installer would claim the discount. As I don't live in one of those countries, I don't know exactly how it works.