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Money Box

Money Box Live: How to fill out your tax return

Money Box

BBC

Business

4.2825 Ratings

🗓️ 8 February 2023

⏱️ 33 minutes

🧾️ Download transcript

Summary

As 31st January looms, there’s less than one month left for around 5.7 million Self Assessment customers to file their tax return or they may face a penalty.

More than 12 million customers are expected to file a tax return for the 2021 to 2022 tax year by 31 January 2023 (HMRC).

Whether you’re doing it for the first time this year, or not, we have the answers to all your tax-related questions.

On this episode, we hear from experts, Clare Merrills, from HMRC, and Anita Monteith, Head of Taxation Policy, at the Institute of Chartered Accountants in England and Wales.

Presenter: Felicity Hannah Producer: Amber Mehmood Editor: Jess Quayle

(First broadcast 3pm, Wednesday 11th January, 2023)

Transcript

Click on a timestamp to play from that location

0:00.0

You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one.

0:06.5

I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds.

0:11.2

I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects,

0:16.0

relationships, identity, comedy, even one that mixes poetry, music and inner city life.

0:22.4

So one day I'll be helping host develop their ideas, the next fact-checking, a feature,

0:28.3

and the next looking at how a podcast connects with its audience, and maybe that's you.

0:33.6

So if you like this podcast, check out some others on BBC Sounds.

0:39.5

BBC Sounds, music, radio podcasts.

0:43.3

Welcome to the podcast of Moneybox Live, the program about your money.

0:46.9

Today, it's all about tax returns.

0:49.2

Now, for some people, including me, that is about as welcome as a root canal.

0:53.7

But here at Moneybox Live, I promise we will

0:55.8

make the procedure as painless as possible. And you know what? We were a bit worried that a program

1:00.9

on tax risks being a bit off-putting. So the Moneybox Live team were trying to pick some music

1:06.0

that is particularly relevant to tax. And there is quite a lot. There's the Beatles, the kinks,

1:10.7

a surprising number of songs about tax. So there is quite a lot. There's the Beatles, the kinks, a surprising

1:11.5

number of songs about tax. So stick around to the end. We will play our favourite tax-related record.

1:17.7

But let's meet today's experts. I'm joined by Claire Meryl from HMRC and Anita Montief,

1:22.9

head of taxation policy at the Institute of Chartered Accountants in England and Wales.

1:27.8

Between the two of you, we should be able to answer absolutely anything.

1:30.9

Panel, good afternoon.

1:31.9

Good afternoon, let's hope we can.

...

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