Self Assessment Tax Returns

Allum Book-keeping Services provide a professional Self Assessment service for individuals and sole traders. in Bridport, Yeovil, Sherbourne, Shaftesbury, Gillingham, Wilton, Sailsbury, Crewkerne, Beaminster, Blandford, Poole, Weymouth, Dorchester, Portland, Wareham, Bournemouth, Swanage, Chrischurch, Wimborne Minster, West Moors and the surrounding areas. I can process your tax return from P60 and P11D for employment pages. And from the book and records you or your bookkeeper prepares or alternatively I offer a full bookkeeping service. in Bridport, Yeovil, Blandford, Weymouth, Dorchester, Portland and the surrounding areas.  . .. .   Prices start from as little as £70 for one sole trade or one employeed self assessment for the basic pages. It normally will take around one week to complete your tax return. Depending on how long it takes for the 64-8 to arive. This is a code HMRC will send you to authorises me as your agent to file your tax return and communicate with HMRC..  £100 penalty if Self assessment Tax Return not yet filed online. Additional penalties may apply for further delay.
Interest starts to accrue on tax not yet paid.£100 penalty if Self assessment Tax Return not yet filed online. Additional penalties may apply for further delay.
Interest starts to accrue on tax not yet paid. 

What is a Self Assessment Tax Return?

If you are self-employed, a higher rate tax payer, a company director or have more complicated tax affairs, you are legally required to complete and submit a Self Assessment Tax Return to HMRC. If you wish to find out if you need to complete a Self Assessment Tax Return, please go to - http://www.hmrc.gov.uk/sa/need-tax-return.htm  

How and when do I give this in?

You will need to send to me, as soon as possible, all documentation so that I can meet the strict deadlines issued by HMRC.

6 April: Issue of Self Assessment Tax Returns by HMRC..

1 May: £10 Daily penalty from 1st February to 30th April if Self assessment Tax Return not yet filed online. Additional penalties and interest may apply for further delay. 

31 July: Second self assessment tax return payment on account.

5 October: Individuals/trustees must notify HMRC of new sources of income/chargeability if a Tax Return has not been received for last tax year.

31 October: Deadline for the submission of paper self assessment tax returns for tax year ending 5th April.

1 November: £100 penalty if paper Tax Return not yet filed. Additional penaties may apply for further delay. However no penalty will be charged if filed online by 31 January.

30 December: If tax due is below £3,000 and you want this to be collected through your PAYE Tax Code your Self Assessment Tax Return must be submitted online by this date.

31 January: Final deadline for Self Assessment Tax Returns to be filed online.
Deadline for balancing payment income tax/Class 4 NICs.
First self assessment tax return payment on account.
Deadline for amending Tax Return due last year.

1 February: £100 penalty if Self assessment Tax Return not yet filed online. Additional penalties may apply for further delay.
Interest starts to accrue on tax not yet paid.

If you do not complete your self assessment tax return by the deadline and complete all relevant forms to declare you are self-employed or that you have any untaxed income, you will be charged interest and penalties.

 How the service works

I will need you to complete a questionnaire so that I can understand your personal tax situation.  From the information you give me, I will be able to produce the necessary year end accounts and complete your self assessment tax return. Having calculated your tax liability, I will advise you of that liabity, send you a copy of the self assessment tax return for you to approve. I will then file your self assessment tax return online to HMRC and advise you how and when you need to pay. For me to file your self assessment Dorchester tax return I will arrange HMRC to send you an agent authonization code which will expire in 30 days of issue. Please send this to me as soon as you received it. This code will enable me to register as your agent with HMRC. This authorises HMRC to communicate with me as your agent.

The benefits

Peace of mind knowing your books are being kept accurately

• Cost affective Service
• Simple and easy to understand English
• All your financial correspondence and tax questions will be delt with by an expert 
• Advice on keepping tax liabilities as low as possible

If you have any enquiries or would like further information on the services provided, please feel free to contact me.

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