31-05-2024, 12:45 PM in response to #49994
Baldman Wrote: Everyone who has serious income has an accountant but I don’t think it makes income self assessment redundant.
You may think that it’s bollocks (and it may be) but I don’t think you’ve offered a reason why it will be bollocks.
Taxing assets is hard. But no harder than taxing income as far as I can see.
All companies have a requirement to report wages, which gives HMRC a bit of a helping hand. I'm not aware of any mechanism whereby net worth has to be reported.