Contact Details
Address
Allum Book-Keeping Services
33 Kestrel View
Broadwey
Weymouth
Dorset
DT3 5QY
Telephone Number
0800 611 8172
2nd Telephone Number
01305 701 234
Email Address
info@allumbook-keepingservices.co.uk
Self Assessment Tax Returns
What is a Self Assessment Tax Return?
If you are self-employed, a higher rate tax payer, a company director or have more complicated tax affairs, you are legally required to complete and submit a Self Assessment Tax Return to HMRC. If you wish to find out if you need to complete a Self Assessment Tax Return, please go to - http://www.hmrc.gov.uk/sa/need-tax-return.htm
How and when do I give this in?
You will need to send to me, as soon as possible, all documentation so that I can meet the strict deadlines issued by HMRC.
6 April: Issue of Self Assessment Tax Returns by HMRC..
31 July: Second self assessment tax return payment on account.
Penalty of £100 if self assessment tax return still not filed for last year.
5% surcharge on any tax unpaid.
5 October: Individuals/trustees must notify HMRC of new sources of income/chargeability if a Tax Return has not been received for last tax year.
31 October: Deadline for the submission of paper self assessment tax returns for tax year ending 5th April.
1 November: £100 penalty if paper Tax Return not yet filed. Additional penaties may apply for further delay. However no penalty will be charged if filed online by 31 January.
30 December: If tax due is below £2,000 and you want this to be collected through your PAYE Tax Code your Self Assessment Tax Return must be submitted online by this date.
31 January: Final deadline for Self Assessment Tax Returns to be filed online.
Deadline for balancing payment income tax/Class 4 NICs.
First self assessment tax return payment on account.
Deadline for amending Tax Return due last year.
1 February: £100 penalty if Self assessment Tax Return not yet filed online. Additional penalties may apply for further delay.
Interest starts to accrue on tax not yet paid.
If you do not complete your self assessment tax return by the deadline and complete all relevant forms to declare you are self-employed or that you have any untaxed income, you will be charged interest and penalties.
How the service works
I will need you to complete a questionnaire so that I can understand your personal tax situation. From the information you give me, I will be able to produce the necessary year end accounts and complete your self assessment tax return. Having calculated your tax liability, I will advise you of that liabity, send you a copy of the self assessment tax return for you to approve. I will then file your self assessment tax return online to HMRC and advise you how and when you need to pay. For me to file your self assessment tax return I will arrange HMRC to send you an agent authonization code which will expire in 30 days of issue. Please send this to me as soon as you received it. This code will enable me to register as your agent with HMRC. This authorises HMRC to communicate with me as your agent.
The benefits
Peace of mind knowing your books are being kept accurately
- Cost affective Service
- Simple and easy to understand English
- All your financial correspondence and tax questions will be delt with by an expert
- Advice on keepping tax liabilities as low as possible
If you have any enquiries or would like further information on the services provided, please feel free to contact me.
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