UK taxpayers face limited choices filing taxes

With the tax season in the United States coming to a close today, it’s interesting to compare the differences between the US and the UK when it comes to choices for online tax filing. Tax filing…

10 Minute Read

Updated: 04 May 2020

With the tax season in the United States coming to a close today, it’s interesting to compare the differences between the US and the UK when it comes to choices for online tax filing.

Tax filing in the United States is a bit more timely and there are a multitude of thriving online tax services on offer including Turbotax, H&R Block or TaxAct, in addition to free filing software provided by the IRS.

For UK taxpayers however, it’s quite a different story: if you want to do it yourself choices are very limited. While in the US over 30% of taxpayers trust third party software, in the UK this is the preferred method of filing for less that 1% of taxpayers. What these statistics tell us is that established software providers haven’t quite stepped up to the plate in helping us file our own tax returns, saving us from paying hundreds of pounds to basic accountancy services.

To be fair, even though there is lots of room for improvement, the team at HMRC has been doing a good enough job, specifically in ensuring the online service stays an open platform upon which third parties can innovate.

Alas innovation, the main reason why the US market thrives, is mostly non-existent, leading to an estimated tax savings waste in the order of £4.7 billion, as reported by Unbiased (http://www.unbiased.co.uk/tax-action).

With so much innovation happening in online financial services with the likes of Nutmeg (investment management), Transferwise (international transfers), Zopa or Seedrs, does it still make sense to simply answer “hire an accountant instead” when we ask for smart and easy to use do-it-yourself software such as SimpleTax that ensures the most accurate tax returns and savings?

 

 

 

Need a simple Tax Guide? Click here.

Trusted by over 10,000 subscribers

You don't need to be an expert to complete your self assessment tax return.

Get Started

How GoSimpleTax Works

01.
Register

Simply register for free with your full name and email address.

02.
Select Your Income

Select the income you receive and follow the hints and tips for potential tax savings.

03.
Validate Your Information

Validate your personal information and submit directly to HMRC to get confirmation in just seconds.

frequently asked questions

Work Anywhere, With Any Device

Gone are the days of fretting over a calculator surrounded by scraps of paper at the eleventh hour.

GoSimpleTax’s tax return software uses the information you upload in real time to calculate your income and expenditure, working out the tax you owe and sending you helpful notifications when there’s the possibility of a mistake.

Get Started

"The software is intuitive and proved very easy to navigate. I found the whole process refreshingly simple. I saved a lot of money too!"

Steve J.

Ordained Presbyter

"Easy to use and value for money. Everything you need to do your tax."

Gordon J.

Self Employed

"It fills in all the forms and sends them to the Inland Revenue. Not expensive either. Takes the stress out of doing your tax return online."

Ross G.

Team Rector

Get Started