Tax Returns

Self -Assessment is a system HMRC uses to collect income tax. Tax is usually automatically collected from wages, pensions and savings, however, people and businesses with other income must report it in a tax return. Partnerships, partners, directors, sole traders etc must all register for self-assessment with HMRC. Online returns are usually due on the 31st of January each year with paper returns being the 31st of October. HMRC usually requires details below to file a return:

• Contact Information

• UTR (unique tax payer reference)

• Number of employments held

• Pay and Tax information

• Expenses

• Dividends

• And any information pertaining to other potential income streams

Please contact us for a free consultation