The Government will abolish the annual tax return, Chancellor George Osborne has announced.
In his final Budget before the General Election, Osborne said millions of people will have their tax automatically managed through digital accounts from next year.
Those with the most complex tax affairs will manage their accounts online.
Osborne said: “12 million people and small businesses are forced to complete a self-assessment tax return every year. It is complex, costly and time-consuming.
“We will abolish the annual tax return altogether.
“Businesses will feel like they are paying a simple, single business tax – and for most the information needed will be automatically received.
“Tax really doesn’t have to be taxing, and this spells the death of the annual tax return.”