Taxation – Compliance

Self Assessment Tax Returns

The majority of people outside of the PAYE regime are required to complete an annual Self Assessment Tax Return. These include sole traders, partners and individuals with income that is not taxed at source such as dividends or pensions.

The tax year runs to 5 April and tax returns need to be filed by 31 January following the tax year end.

Preparing the return involves collating a variety of information, preparing a statement of income and computing the tax and national insurance due. With nearly 20 years experience in tax planning and compliance we can do this for you and use our knowledge to proactively tax plan for you as we complete our work.

VAT

VAT is without doubt, the most complicated tax that we have in the UK. Whilst it seems quite straight forward, the variety of rules and definitions means that it is a tax that needs very careful thought when it comes to compliance, especially as HM Revenue & Customs are opening increased numbers of enquiries into VAT returns.

We can provide a variety of services to assist you with your quarterly VAT returns, from reviewing your calculations, to preparing and submitting the returns for you.

Corporation Tax Returns

Limited companies are required to prepare a Corporation Tax return and to submit this to HM Revenue & Customs.

The tax rules for limited companies are different to those for self assessment in a number of ways.

The tax year for a limited company runs for the twelve months from the beginning of its accounting period and the return is due to be submitted within twelve months of the end of the year.

Preparing the return involves collating a variety of information, preparing a statement of income and computing the corporation tax due. With nearly 20 years experience in tax planning and compliance we can do this for you and use our knowledge to proactively tax plan for you as we complete our work.