There are only 14 weeks left until Christmas….. but more importantly there are 19 weeks left until the tax return deadline!!
31 January 2016 is the final submission date for all online self-assessment tax returns but this is not the only date that you should be aware of.
You need to register by the 5th October 2015 for all returns for the 2014/15 tax year. If you are planning to submit your own return online, you also need to make sure that you have separately registered for HM Revenue & Customs online service. It is a common mistake that people can set up their online login in the last week of January but all of these had £100 penalties last year.
Registering with HM Revenue & Customs is the easy bit! Once registered, you then have to submit the complex online Tax Return, making sure that you have completed every section. The different sections are not always clear as to what needs to be included and whether it actually applies to you.
We at Colmer Winchester can take the pressure and stress from you. Our prices for submitting your tax return start at £100 (plus VAT) and for this we will:
Register you for self- assessment.
Send you reminders throughout the year of all relevant dates.
Send you a simple, easy to use checklist requesting any information required for your return.
Prepare your return and discuss all issues with you, making sure that you are as tax efficient as possible.
Manage the whole process for you including the submission and checking that the return has been accepted by HM Revenue & Customs.
Notifying you of the tax liability and relevant deadlines.
We will give you the correct details and references to make the tax payments.
We will be registered as your tax agent so therefore we will receive a copy of all documents that are sent to you. We will also be able to speak to HM Revenue & Customs on your behalf.
Be on hand to deal with any queries throughout the year that you have regarding your self-assessment return.
For an additional small fee, we offer HM Revenue & Customs investigation insurance meaning that we will able to manage the process should your tax affairs be reviewed.