Author Description

This practical guide provides an overview of the self-assessment regime for employers, employees and the self-employed. It identifies the precise obligations of the employer and helps employees understand the requirements they must meet for completing tax returns and paying tax. Numerous worked examples illustrate the effects of self-assessment and the current year basis of assessment for the self-employed. Topics include: payment of tax and accounts; completion of the tax return, with examples; PAYE; partnerships; and the transitional rules for existing businesses.