Tax assessment
A formal calculation or determination of tax due, made by the taxpayer, HMRC or another tax authority depending on the tax and circumstances.
Related terms
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Tax debt
Tax, interest, penalties or other amounts owed to a tax authority and not paid by the due date.
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Tax arrears
Tax that should already have been paid to HMRC or another tax authority but remains outstanding.
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Income Tax
Tax charged on taxable income received by individuals and certain other taxpayers in the UK.
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