“Occasionally, HMRC will write to a taxpayer and tell them they no longer need to complete a self-assessment return,” she added. “[But] the principle behind self-assessment is that it puts the onus on every taxpayer to know what they owe in tax or are eligible to claim relief on.”...
Scholey, Stephanie
Old vs. New Tax Regime: Understanding the Differences For the assessment year 2024-25, individuals and Hindu Undivided Families (HUFs) have to pay taxes under the new tax regime unless they opt for the old regime while filing their return of income before the due date. The new tax regime ...
However, even if the bunching-peaks are small and economically insignificant, they contribute to our assessment of the main results. If we find no differences at all over the entire distribution, concerns can perhaps be raised whether something went wrong with the experiment: e.g., the recipient...
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