Hi Clients,
This additional update contains information to Clients regarding the IRD auto assessments.
The IRD Auto Assessments
Over the last few weeks and through until the end of June 2022, the IRD has been emailing out the “2022 Auto assessment form” to taxpayers.
They are asking you to complete the form for an auto assessment of your taxes to be made.
Please ignore this form and do not complete it – why?
- The IRD calculate your tax based only on the information they have, When we normally prepare a tax return for you there will be further information that will need to be added.
- If you do accept the Auto-assessment and receive a refund in error, you only have a certain amount of time to pay it back before IRD will impose interest and penalties.
- The Auto assessments make the whole finalization of your accounts more complicated.
If you do decide to complete the auto assessment.
- You may have no additional income or expenses.
- You are no longer requiring our services.
- You have gone out of business.
If you have any queries or require any further information regarding this update, please do not hesitate to contact us.
