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Tender Details
- Country: United Kingdom
- Summary: In-Year Calculation and Payment for Income Tax Self Assessment and Corporation Tax for Small Companies
- GBT Ref No: 68761051
- Deadline: 22 Jul 2022
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: Public
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: SR1
- Purchaser's Detail :
- Description :
- Title : In-Year Calculation and Payment for Income Tax Self Assessment and Corporation Tax for Small Companies
Location Of Contract : United Kingdom
Industry : Tax preparation software package - 48412000 Accounting software package - 48443000 Meal delivery service - 55521200 Taxi services - 60120000 Postal and telecommunications services - 64000000 Financial transaction processing and clearing-house services - 66172000 Property management services of real estate on a fee or contract basis - 70330000 Programming services of packaged software products - 72210000 Accounting services - 79211000
Description : In response to HMRC's Summer 2021 Call for Evidence on opportunities and challenges of timely payment for Income Tax Self-Assessment (ITSA) and Corporation Tax for small companies, respondents: • recognised smaller, more frequent payments could benefit some taxpayers, e.g., with lower incomes or newly self-employed, and • highlighted challenges around HMRC's ability to accurately, or near-accurately calculate tax in-year. In response, the government announced a voluntary In-year Calculation Proof of Concept (IYC PoC), to: • work through the challenges and mitigate respondents' concerns. • test using real... - Documents :
Purchaser : H M REVENUE & CUSTOMS
Floor 1E, Trinity Bridge House, 2 Dearmans Street Salford M3 5BS England
Contact Person : James Power
Email :james.power1@hmrc.gov.uk
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