Brian F. Harmer


Unlike many other recent tax changes the self-assessment system quietly slipped into the Assessment Act without fuss or fanfare. The relevant legislation is deceptively simple. Notwithstanding its apparent simplicity and inconspicuous entry into the Act, it is considerred that the self-assessment system will ultimately be adjudged as the most significant tax legislation introduced during the 1980s. This article seeks to identify the significant ramifications that will arise as a consequence of the new system. What we see is only the tip of the iceberg.