News
Need Help With Your Tax Return?
09 - 01 - 2018
Need help with your Tax Return? The deadline of 31 January 2018 for filing your
personal Self Assessment Tax Return is fast approaching....
All self employed individuals
and Company Directors have to complete a Self Assessment Tax Return as they may
be in receipt of income which has not been subject to PAYE, for example
dividends or interest on savings.
The 2016/17 return must be filed
with HMRC online by 31 January 2018.
HMRC will levy a penalty if you are late submitting your return or paying your
tax bill.
If you still have not started
your self assessment calculations for the last tax year then this year more
than ever we would recommend getting those calculations completed early. 2016/17
is the first year that the changes to the way in which dividends are taxed take
effect. If you received more than £5,000 in dividend income between 06.04.16
and 05.04.17 you are likely to pay income tax.
As a result of the dividend tax
changes you may find this year you have more tax to pay than in previous years.
You should be aware that if the tax liability is greater than £1,000 you may
also need to make a payment on account towards your 2017/18 tax liability.
Foremans LLP can complete your
personal Self Assessment and file it online with HMRC provided that all
relevant information is supplied.
If
you would like to receive a personalised quotation for our Self Assessment
service please contact us to request a free copy of our Self Assessment
questionnaire. The
questionnaire will assist us in providing your personalised quotation or can also be used to assist you with compiling the relevant information
for tax return.
Alternatively if you have
completed your own Self Assessment but are unsure about your calculations, we
also offer a Self Assessment Review
Service at £60.00 (inclusive of VAT).
For further advice on Self
Assessment and whether you need to file a Tax Return please do not hesitate to
contact Foremans LLP on 01244 625 500.

