By Daniel Hunter
The Association of Chartered Certified Accountants (ACCA) is calling for better education of 'business basics' after HM Revenue & Customs (HMRC) said 890,000 missed their self-assessment tax deadline.
Chas Roy-Chowdhury, Head of Taxation at ACCA said:
“There are more people than ever starting businesses in the UK, which is extremely positive for our economy, however it is vitally important that these enterprising individuals are educated in the ‘business basics’ to give them the best chance of success.
“It is concerning to see 180,000 more people filed late when compared to last year. The Government needs to make sure everyone looking to start a business or go into self-employment can find easy to understand information on how, when and what tax they need to pay.”
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