Self-Assessment is a system of HM Revenue and Customs (HMRC) used to collect
income tax. The tax is usually deducted from wages (both part time and full-time employee), pensions and savings income.
If you are not registered for self-assessment you need to inform by registering not later than 5th October following the tax year you had income from self-employed.
Self-Assessment can be time-consuming and confusing for busy individuals and self-employed. It can also be costly if penalty is imposed by HMRC for missing
deadlines or incorrect returns are filed or inappropriate records are maintained.
Whether you simply need your annual tax returns completed efficiently, or you need complex specialist advice we are here to help. Our specialized Small Business Accountant team will work on your tax returns giving you peace at mind, whist freeing up your valuable time by offering a comprehensive Individual Self Assessment tax return service.
We calculate how much tax you have to pay, minimizing your tax bills, completing and filing your tax return. Lesstax 4 U accountants always explain your results before submitting anything. Additionally, you will have access to expert knowledge whenever you need it as well as tax planning advice.
Filing deadline is 31 January after the end of the tax year for online submission and 31 October for paper return
Payment Deadline 31 January following the end of the tax year
Payment on account 31 January and 31 July
For financial health reason it is essential to do tax Planning to enable you to keep control of your financial issues. Whether it is simple or complex tax affairs it is your responsibility as a taxpayer to pay tax and file your return on time. Due to this a professional advice and support is essential to enhance your tax position.