Ruth Owen Interview on Last Day for Tax Returns

Ruth Owen Interview on Last Day for Tax Returns

Assessment

Interactive Video

Business

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Hard

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The transcript discusses the completion of tax returns, highlighting that 90% are done online, with a deadline for paper returns in October. A glitch in the automated phone payment system is mentioned, where payments were processed without confirmation. HMRC's strategy focuses on doing more with less, improving customer service, and addressing complaints. The organization refutes claims of leniency towards wealthy taxpayers, noting significant tax collection from them. The tax gap is primarily attributed to small and medium businesses, with efforts to encourage digital record-keeping to reduce errors.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of people are currently submitting their tax returns online?

100%

90%

70%

50%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main issue with the phone line payments recently?

Phone lines were down

Payments were not processed

Payments were duplicated

Customers did not receive confirmation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is HMRC planning to improve tax collection and customer service?

By using SMART data technology

By extending deadlines

By hiring more staff

By increasing taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the largest component of the tax gap according to HMRC?

Individual taxpayers

Small and medium-sized businesses

Non-profit organizations

Large corporations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the number of penalties for inaccurate tax returns changed over the past five years?

More than tripled

Decreased by half

Doubled

Remained the same