Tax forms escape for elderly.
The decision means many elderly and low income workers will not need to complete a tax return for the 1999-2000 tax year.
From next April taxpayers who have income up to pounds 2,500 which is not taxed at source will no longer be asked to fill in a tax return.
Instead the tax will be levied by changing the tax code on their main income.
The changes will affect around 200,000 pensioners with small incomes from private investments, and about 200,000 workers on low incomes.
Paymaster General Dawn Primarolo said: ''This change will cut red tape and bureaucracy, and will especially benefit pensioners who will no longer have to fill out self assessment forms.
The decision was given a ''guarded welcome'' by the Low Incomes Tax Reform Group which has repeatedly urged the Inland Revenue to introduce a system to protect older people on lower incomes from the pressure of self assessment.
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|Publication:||Coventry Evening Telegraph (England)|
|Date:||Jul 8, 1999|
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