What is the story about?
What's Happening?
Pie Money Limited, a UK-based fintech company, has introduced a free self-assessment tool designed to simplify tax filing for UK taxpayers. The tool aims to assist freelancers, gig workers, landlords, and first-time filers in submitting their tax returns to HMRC without incurring the high costs typically associated with traditional accountants. The service offers straightforward HMRC filing from any device, step-by-step guidance, and zero-cost access for individuals and the self-employed. Tommy Mcnally, the founder of Pie, emphasized the importance of making tax filing stress-free and accessible, ensuring users can confidently file their returns without errors.
Why It's Important?
The introduction of Pie's free self-assessment tool is significant as it addresses the need for affordable and accessible tax filing solutions in the UK. With over 12 million self-assessment tax returns filed annually, many taxpayers face challenges due to expensive accountant fees and complex government portals. Pie's service democratizes access to tax filing, potentially reducing financial burdens and errors for a large segment of the population. This move could encourage more individuals to comply with tax regulations, ultimately benefiting the UK economy by ensuring accurate and timely tax submissions.
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