Self Assessment

Self Assessment Tax returns are issued by the Inland Revenue every year covering the period from 6th April to 5th April and they require a summary of an individual’s income and capital gains within that period.

 

You will normally be required to complete a self assessment tax return if any of the following apply to you:

 

  • Self-employed
  • Company Director
  • Higher Rate Tax-payer
  • Capital Gains, above the annual exemption
  • The Inland Revenue specifically request a return

 

Your tax liability is calculated based upon the information submitted on your tax return. Therefore it is essential that all sources of income are submitted on your return, including those on which tax has already been deducted so that your tax can be accurately calculated.

 

The Inland Revenue will calculate your tax liability if your return is submitted by 30th September, any returns submitted after that date and before the final deadline of 31st January will require the taxpayer to calculate their own liability.

 

We can provide assistance with the preparation of tax returns and notify you in good time of any tax due, or refunds due!

 

Our self assessment service will save you time, worry and potential fines - you simply need to provide us with the following:

 

  • Bank statements, cheque book counterfoils, deposit books and details of turnover.
  • Details of earnings and invoices.
  • Details of business expenditure.
  • For businesses with a turnover of over £15,000, an analysis of expenditure.
  • Dividend tax certificate and interest certificates.
  • Details of contributions to personal pensions.
  • Any other records of income or allowable expenses.

 

Important Dates

 

  • 31 January 2016 - Tax Return filing deadline for 2014/15
  • 31 July 2015 - 2nd payment on account due towars 2014/15
  • 31 October 2015 - Deadline for filing paper Tax Returns for 2014/15

 

Click below to find out more..

 

Corporation Tax 

 

VAT

Require more information?

 

Call us today on 01992 302306 for free and friendly advice. To ask us a question online click here.

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If you have any queries or wish to make an appointment please contact us:

Tel:      020 3637 2131

Email:        info@hienle.co.uk

 

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