A personal tax return (which is also known as a “self-assessment tax return” or just “self assessment”) is compulsory if you have been asked to complete one by the HMRC. If you do not complete the return by the deadline, you will be fined.
Self Assessment Tax Return
We offer a service to produce and calculate your tax returns, we meet and review your incomes and produce workings or accounts for self-employment. We then work out if you are due any reliefs such as capital allowances or if you have directly paid tax in advance such as CIS and PAYE we deduct this from the return and finally work out the tax you may owe or is owed to you. After we meet and sign documents and you are happy with the tax return, we send this electronically to HMRC.
Penalties for a late tax return
You should send your tax return, even if you don’t have any tax to pay or you’ve already paid it.
To find out more how self-assessment and personal tax can help you contact us on 01268 330 478 or e-mail us at firstname.lastname@example.org