Self Assessment Tax Return

If you are a higher rate tax payer, self employed, a director or own a rented property, you are required to complete the “Self-Assessment” personal tax return and submit it to the Inland Revenue, together with any tax, no later than the 31st January after the end of the tax year.

Failure to submit your tax return will result in an automatic penalty of £100 and interest will be charged on overdue tax. Continuing failure to pay tax and make proper returns will result in escalating penalties and interest.

Alternatively you may have several sources of income or have paid too much tax in the past tax year. We can advise you and assist with making a tax return so as to minimise your tax liability or obtain a refund from the Inland Revenue. You never know, they may owe you interest on the late repayment of tax.

We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. Our aim is to move the burden of compliance from your shoulders to ours. We take responsibility for ensuring your returns are completed correctly and on-time. We can provide you with practical advice on personal tax positions and the planning opportunities available to you.