2011-04-07 18:25:13
Budget Announcement

 
 

SELF-ASSESSMENT TAX RETURN ::

Have you registered as self-employed? No?
Phone HMRC on 08459154515. www.hmrc.gov.uk

    a) Individual and partnership returns
  • Comply with Government taxation requirements & avoid penalties
  • You have to submit returns if you are in business or have income in addition to your employment income (or are employed and a higher rate taxpayer with Bank interest & dividends)
  • If you are requested to submit a Tax return you must do so or give reasons why you are not doing so
  • Businesses making losses? you still need to submit tax returns – you may be able to claim relief for your losses

    b) Company tax returns – CT 600
  • Comply with Government taxation requirements & avoid penalties
  • Every registered Limited Company has to submit Corporation Tax Returns – named CT 600’s
  • Limited Companies pay Corporation Tax, whereas sole-traders & Partners in Partnerships pay Income Tax
  • Making losses – you still need to file your Corporation Tax Return, CT 600 – you may be able to claim loss relief

    We have many years experience preparing accounts and are regulated by the Association of Chartered Certified Accountants.

    Our rates are competitive and based on the time spent - as a guidance:
  • Tax Returns from £120;
  • Accounts for sole-traders from £250
  • Accounts for Limited Companies from £400
 

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