Self-Assessments
Our Personal Tax Accountant can file your Self-Assessment
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Whether you are a tradesperson, property holder or just a director with Dividends we can file your self-assessment.
Self-Assessment filing
Your Tax return has to be filed by 31st January to ovoid fines from HMRC
Last year xxx were late costing £xxm!
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Who Has to File a Self-Assessment?
You have to file a tax return if
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You are Self Employed, like a plumber
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You earn more than £1,000 from work outside PAYE, like a part-time designer
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You get benefits from your employer, e.g. company car, medical insurance
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You are a Company Director unless you earn only wages
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You earn more than £100,000
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If you rent out properly and earn more than £2,500
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You have received income from savings, investments and/or property
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You have sold as an asset like an antique painting
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You receive Child Benefit and your income is over £50,000
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Penalties if you are late
Late filing is not cheap!
Miss the 31st Jan and it is £100
3 months late and it's £10 per day up to £900!
Beyond that and you're looking at the maximum penalties of 5% of the tax due
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What if you can't afford your tax bill?
HMRC are not that bad, they will offer you a "payment plan"
You can pay your tax bill over 6 to 9 months
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