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YouTubeLSR Partners
HMRC Simple Assessment: The £100k Tax Return Threshold Is Gone. Here Is What Replaced It. #shorts
The rule that required anyone earning over £100,000 to file a self assessment tax return no longer applies. HMRC removed the income threshold and replaced it with something called simple assessment. In theory, simple assessment means HMRC reconciles your tax position at the year end using your P60 and other information they hold. In practice ...
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