Simple assessment explained as millions brace for unexpected tax bills

MoneyWeekFriday, September 19, 2025 at 9:55:13 AM
Simple assessment explained as millions brace for unexpected tax bills
As millions prepare for unexpected tax bills, many may receive letters from HMRC indicating they owe more due to frozen thresholds under a system called simple assessment. This situation is concerning as it highlights the financial strain on individuals who may not have anticipated these additional costs, making it crucial for taxpayers to understand their obligations and plan accordingly.
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