The most important factor in
getting self-assessment right, is to ensure that your information is
supplied to us in good time.
Because final tax liabilities for
the year covered by the self-assessment tax return and the first instalment of
tax due for the following tax year, both become payable on the last date for
filing, nasty (and sometimes pleasant) surprises can await those who file their
returns late. If tax returns are filed in good time, surprises can be
eliminated, overpayments can be obtained sooner and liabilities can be provided
for.
Please let us have the
information necessary for the completion of your self assessment tax returns as
soon as possible after 5th April each year. Clients who are in employment should
let us have their documentation by 31st July if possible, because as long as
their tax return is filed before 30th September, it is normally possible for any
underpaid tax to be collected by way of an adjustment to the next year's tax
code number.
We file our
clients' self-assessment tax returns by internet.
