|
|
|||||||||
|
Self Assessment Tax
Returns
- Completing a Tax Return can be a daunting experience, even if you think your
tax affairs are relatively simple.
Common reasons for needing to complete a Return include: ·
being self employed or partner in a business ·
receiving income from land or property ·
being a company director ·
receiving gross income with no tax deducted ·
making capital disposals over certain limits. Remember, it is the
taxpayer’s responsibility to inform HM Revenue & Customs if they think
they should be completing a Self Assessment Tax Return and penalties may be
applied if this is not done. If you would like help completing your Return,
or if you think you should be within the Self Assessment system, please get
in touch. Repayment Claims - Many individuals
overpay tax that may not automatically be refunded by HM Revenue & Customs.
The repayment claim form can put some people off making a claim. Individuals
who may be due a refund include: ·
individuals, including children, who receive income
from discretionary trusts ·
individuals who may have ceased employment during a tax
year If you think you
may be due a repayment, please get in touch so we can discuss it further. Tax planning – It is often
possible to reduce your tax liability or to maximise certain relief through
some tax planning. This may apply if: ·
you are thinking of making pension contributions or
charitable gifts ·
you are thinking of selling assets such as shares or
property ·
you own assets jointly ·
you own more than one property If you would like to
discuss tax planning further, please get in touch. Please remember that most
planning needs to be done before a tax year ends on 5th April each
year. |
|||||||||
|
|||||||||
|
|
Contact: Rose
Cottage Chantry Road Chilworth Guildford Surrey
GU4 8LT Tel: 01483
505261 or 07710 130378 Email: andrew@andrewtuffs.co.uk
|
|
|||||||
