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Tax: Self assessment
Self assessment
The term 'self assessment' is proving to be one of the great
misnomers of all time. Many taxpayers struggle to understand the
complex tax returns and complete them correctly. In the first
year of the regime alone, 775,000 taxpayers received £100
penalties for failing to submit their returns on time, and some
400,000 incurred further penalties because their returns were
still outstanding six months later!
The constant stream of changes to tax legislation means not only
that the returns are becoming even more difficult to understand
but also that taxpayers risk incurring more penalties through
failing to complete their returns on time or correctly.
We can save you a lot of time, worry, and money by handling your
self assessment for you. We will do all the necessary computations,
complete your return, and even offer advice on how you can minimise
your tax liability.
We can act as your agent, dealing directly with HM Revenue and Customs
on your behalf and, should you be selected for a self assessment
enquiry, act for you at any meetings.
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