Self Assessment

HMRC has revealed that 10.4 million tax returns were handed in on time in 2016, an increase of 150,000 on the previous year, while over nine million were handed in digitally.

As the tax authority continues its move towards digital services, 89% of taxpayers opted to use HMRC’s online self-assessment service to calculate and pay the tax they owe. Using technology the government department were able to intercept more than £96m worth of fraudulent or incorrect repayment claims.

We have the expertise to take the headache out of the online form-filling, and the compliance aspect of Self Assessment as well as avoiding falling foul of HMRC regulations. We can provide you with practical advice on personal tax positions and the planning opportunities available to you. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.

In summary, we are able to assist with:

  • Advising on your tax liabilities
  • Negotiating with the Collector if necessary
  • Identifying suitable tax planning opportunities
  • Completing all the necessary tax computations
  • Dealing with all correspondence from HMRC

 

If you have any questions, or for more information call us on 01622 745629.

 

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