Anyone in business either as a self-employed person, a partner in a business or a Company Director must complete a Self Assessment Income Tax Return. Simple planning and the right advice can make completing your income tax return relatively painless, and can save you money.
Self Assessment can strike fear into contractors, freelancers and company directors. Once the 6th April has passed, it is only a matter of time before you have to dig out all the relevant information and tell HMRC how much money you owe them.
To notify HMRC with a paper return, you must submit your return by 31st October; otherwise the return must be filed electronically.
At Goddards Accountants, we prefer to file electronically, as HMRC send us an immediate electronic confirmation of submission
From 6th April 2016, your Self Assessment will leave more complicated as you now have potentially 3 personal allowances; Ordinary, Dividend and Interest. In addition, the tax relief on Dividends is reduced from 10% to 7.5%
Phone us for a quote on 020 8941 2187
Main Tax Return
Tax Return Supplements