Self Assessment
Many taxpayers struggle to understand their Self Assessment tax returns and to complete them correctly. In the first year of the Self Assessment regime alone, 775,000 taxpayers received £100 penalties for failing to submit their returns on time, and some 400,000 incurred further penalties because their returns were still outstanding six months later. Even Members of Parliament have reported that their own returns are too complex to complete personally. New penalties introduced in 2012 mean that further sums will be charged on a daily basis for late returns, leading to even higher penalties in future.
The constant flow of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.
We can save you a lot of time, worry, and money by handling your self assessment tax return for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability.
We can act as your agent, dealing directly with the HMRC on your behalf and, should you be selected for a self assessment enquiry, act for you at any meetings.