Tax assessment is a key part of the UK’s tax system and it’s a very complex process.
In this article we will show you how to calculate the tax you’ll owe on a bill you receive from HM Revenue and Customs (HMRC).
Read more about assessment.
What is the assessment process?
Tax assessment refers to the tax which is due on the value of goods or services purchased.
In order to receive an assessment you must submit your tax return and the details of your business and the relevant tax credit you received from HMRC.
You can also use HMRC’s Online Tax Assessment tool to get an assessment online.
What are the different types of tax assessment?
In order for an assessment to be assessed, it must be: a return of assessment – this is usually a form HMRC publishes on its website