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In the UK the equivalent to IRS is called HMRC. People who are just in normal employment dont need to submit their taxes because it Pay As You Earn (PAYE) and
by codeulike 3y ago
In the UK the equivalent to IRS is called HMRC.
People who are just in normal employment dont need to submit their taxes because it Pay As You Earn (PAYE) and so its all obvious. But if you are self employed or get paid dividends or made a capital gain or sundry other exceptions then you have to submit a tax return.
HMRC provide a web app for you to submit your tax return should you need to. Its a pretty good app. Its long and complicated because thats how taxes are, but its pretty good.
There's also an API where 3rd parties can develop their own software for submitting your taxes. I guess you have to get some sort of approval to use it, but its there.
There are a few doubly-exceptional cases that are not covered by the default HMRC web app. E.g. if youre in a partnership (a sortof type of ad-hoc company) and need to do a special sort of return. A bunch of other edge cases too. For those you go and search out a third party software supplier from an approved list. Or fill in a paper form.
TDLR: something sane is possible
- habosa 3y agoThis. The HMRC system is excellent and should be in the realm of possibility for America. The UK economy is very similar to ours. And as an American who lived in the UK for a few years I did have to file a self assessment, which had me pretty scared. My UK tax return was ~5 pages long and took me ~2 hours to complete. My US tax return for the same year was ~200 pages long and took an accountant weeks to complete. I don't do anything interesting (I have a wage-earning job and some stock investments, I own no property in any country).