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Saturday 16 June 2012

Letters from the taxman....

People are now starting to get letters from HMRC advising of the fact that they have to submit a self assessment tax return.

You have until 31st January 2013 to file and pay, but you can do it earlier if you want.

Sometimes you may need to if applying for a mortgage etc.

If you don't know what your tax liability is, then why wait until filing day to get a shock from the taxman. I can calculate your tax accurately very quickly if needed so you know how much you have to have ready.

Don't forget that if you are a day late filing, the nice people at HMRC send you an instant automatic £100 fine.

Remember - if you are self employed, you must file a tax return even if your taxable profits are less then the annual personal allowance.

If you need help....get in touch.

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