Self Assessment

Self Assessment

Under the self assessment regime, an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid on time. Tax returns are issued shortly after the end of the fiscal year.

The fiscal year runs from 6 April to the following 5 April. Tax returns are issued to all those whom HMRC are aware need a return including all those who are self-employed or company directors. Those individuals who complete returns online are sent a notice advising them that a tax return is due. If a taxpayer is not issued with a tax return but has tax due they should notify HMRC who may then issue a return.

A taxpayer has normally been required to file his tax return by 31 January following the end of the fiscal year. The 2019/20 return must be filed by 31 October 2020, if submitted in ‘paper’ format. Returns submitted after this date must be filed online otherwise penalties will apply.

We can prepare your tax return on your behalf and advise on the appropriate tax payments to make. If there is an enquiry into your tax return, we will assist you in answering any queries HMRC may have. Our service is fully confidential and we will reduce your liability for you.

 

Benefits of our Self Assessment Services

Save You Time
Ensure Your Figures Add-Up
Calculate Your Entitlements
Reduce Your Liabilities
Remove Stress
Provide Reassurance
Save You Money

Need some accounting advice? Call us. We can help.

Testimonials