Digital Tax Accounts: how they will affect you

Tax returns are set to be replaced by new online tax accounts, but will they be as simple as the Chancellor claims?

HM Revenue and Customs in Westminster
(Image credit: Oli Scarff/Getty Images)

In last week's Budget, George Osborne revealed plans to introduce Digital Tax Accounts, replacing traditional self-assessment tax returns. What are the key elements of the new system? And is the scrapping of the tax return good news or bad?

What are Digital Tax Accounts?

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