Call for evidence: timely payment
Download the full outcome
Detail of outcome
The government is publishing a summary of responses to the call for evidence on more timely tax payment, which explored the opportunities and challenges of more frequent payment of Income Tax under Self Assessment and Corporation Tax under Self Assessment for small companies. The government will not change the timing of tax payments for individuals and small businesses this Parliament, and will work with stakeholders on a pilot to test the calculation of in-year tax liability.
Original call for evidence
Call for evidence description
As part of the government’s 10-year strategy to build a trusted, modern tax administration system, this call for evidence is the start of a conversation about the benefits and challenges of the current tax payment timings, and for moving to more frequent, in-year tax calculation and payment.
It focuses on Income Tax Self Assessment and Corporation Tax for companies outside the quarterly instalment regime, but welcomes feedback on other taxes.
This call for evidence will be of interest to everyone paying Income Tax and National Insurance contributions outside existing regular payment regimes (such as Pay as You Earn) and those in Corporation Tax Self Assessment who are not within the quarterly instalment payment regime.
We are also interested in the views of advisers and representative bodies of these taxpayers, and wider stakeholders that include finance professionals, software providers, civil society and other voluntary organisations.
Documents
Last updated 30 November 2021 + show all updates
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Published a summary of responses to the call for evidence.
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First published.