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Who Should Use The New Self Employment Tax Returns In The UK
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Who Should Use The New Self Employment Tax Returns In The UK Posted by admin HMRC published new self employment tax returns in April 2008 to replace the previous self assessment tax returns for self employed business in the UK. The self employment tax returns are applicable from the financial year ending 5 April 2007. Similar to the previous self assessment forms the new tax returns are in two versions, full and short returns, dependent upon the level of sales income. Anyone in business in the UK who is not incorporated into a limited company must complete a tax return of their financial affairs each year.
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