Self Assessment is a system that HMRC uses to collect Income and other forms of Tax (such as Capital Gains and National Insurance). Tax is usually deducted automatically from wages and pensions. However certain benefits can be claimed which standard payrolls may not include
The advantage of having your own self assessment calculated is that you can be sure you are claiming for all your allowances etc.
Businesses, and people with other income must report this in a tax return. Failure to do so by the deadline may result in you including a fine and/or needing to pay interest on any tax owed.
We have extensive experience in completing tax returns for a variety of individuals and businesses including those who have multiple sources of complex incomes, have overseas income, have lived out of the UK for some of the tax year, and individuals who have property income.
Our clients say
Director, Engage Construction Management Ltd
Director, Dannic Carpentry Ltd