Self Assessment

Many taxpayers struggle to understand the complex tax returns and complete them correctly. Furthermore, ongoing changes to tax legislation mean that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.

Brian Foster Accountants aim to ease the stress often caused by self assessment and help you avoid costly mistakes, by offering a comprehensive self assessment service. We can relieve you of the self assessment burden and save you time, worry, and money by handling this process 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 deal directly with the HM Revenue and Customs on your behalf and, should you be selected for a self assessment enquiry, act for you at any meetings.

A Self Assessment Tax Return is a personal not company responsibility and there is a catch-all situation regarding the completion of a return.

In the first place, HMRC does not automatically supply a Self Assessment Tax Return for completion; it is an individual’s responsibility to ascertain whether a return is required. Certainly anyone receiving dividend payments or any change is personal circumstances should expect to complete a return.

In the second place, if a Self Assessment Tax Return is received, it must be completed and supplied to HMRC. HMRC will notify you in writing if you are no longer required to complete a Return. However, if your personal circumstances change, it is your responsibility to check with HMRC whether you should be submitting a return.

The majority of Returns are now filed on line. Currently the filing deadlines are set as:

  • An original paper copy by 31st October.
  • On-line filing deadline is 31st January.
  • Regardless of whether paper or on line filing is submitted, HMRC must receive payment for any outstanding tax by 31st January.

For more information call TODAY on: 01922 457201 or 07831 774655.