Self Assessment

Self-Assessment involves completing a tax return to tell HMRC about your income and capital gains, or to claim tax allowances or reliefs against your tax bill. The Revenue use the figures on the tax return to work out your tax bill.

Many taxpayers are not certain whether they are obliged to file a self-assessment return. And many taxpayers struggle to complete the tax returns correctly. The constant change in the legislation makes the returns difficult to understand and to make matters worse as the self-assessment returns are time critical many taxpayers risk incurring penalties if they fail to file self-assessment returns on time.

Our professional service will provide you:

• Preparing self-assessment return
• Preparing rental accounts if necessary
• Advising on which income is taxable and what reliefs and allowances to claim
• Advising on capital gains liability