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Don't pay more tax than you need!
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well as helping you to pay on time let us make sure
you don't pay too much.
Use our Rapid
Return Tax Service and let us calculate exactly
what you need to pay.
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If you've received a Self Assessment Tax Return, do not
ignore it! You have an obligation to complete it and submit
it, even if there is no tax due for payment.
The Self Assessment system commenced in 1996/1997, and
was meant to simplify tax matters but often, the Self
Assessment Tax Return can be very difficult to complete.
Does it apply to you?
Self Assessment is most likely to apply to you if you
are:
- A company director or an employee/individual with
more complex affairs.
- Self employed - as a sole trader or in partnership
- A trustee or personal representative
Completing your tax return
As soon as the tax year has finished, you will receive a
Tax Return. The tax year runs from 6th April to 5th April
each year, and your Return must be submitted by the
following 31st January, or you will be liable to an
automatic £100 penalty. A further £100 penalty is payable
if your return has still not been submitted six
months later.
Payment of tax
The two usual tax payment dates are
31st January following the end of tax year and
31st July following the end of the tax year.
Penalties and surcharges may apply if you underpay or pay
late. Interest also accrues on tax paid late.
How can Milton & Partners help you?
We can take away all the complications - by completing
the Self Assessment Tax Return for you, calculating your tax
liability and advising exactly when it must be paid.
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