Self-Assessment Tax Returns

Ensure you’re following the rules and making the most of your allowances.

The world of self-assessment can sometimes seem daunting, but you don’t have to complete your tax return on your own. With the help of Page Kirk, you can make sure your documentation complies with HMRC’s expectations. At the same time, you can be confident you won’t miss out on your entitlement to reliefs and allowances.

What are self-assessment tax returns?

Introduced in 1996, self-assessment is the means by which HMRC collects income tax, capital gains tax and national insurance contributions on income other than that earned from employment, pensions etc, which is collected at source by PAYE (Pay As You Earn).

HMRC has powers to charge penalties for not complying with the rules – if you miss submission and payment deadlines, for instance, or declare figures that contain errors or mistakes, even where this is done innocently.

Taxpayers are required to ‘self-assess’ their income including, for example, their profit from trades, professions and vocations, rental profit and so on, and then calculate their tax and national insurance contributions liabilities and submit their self-assessment tax return to HMRC.

How our service can help you

Our work starts long before we begin to prepare your tax return. We want to ensure that you don’t fall foul of any penalties for non-compliance with the tax authorities. It is therefore important to always keep you aware of upcoming deadlines and aspects of compliance. These include:

Helping you to keep records and making you aware of the things you should be keeping, by providing you with advice and checklists.

Ensuring you keep fully compliant and good records, to help you avoid enquiries and penalties from HM Revenue & Customs.

Offering a tax return information checklist to save you time getting together all the information we will need.

Reminding you to provide exactly what we need to complete your tax return.

Making you aware of what to submit (and why), ensuring work is done quickly, with as little effort on your part as possible.

Writing to you at the beginning of the tax year to remind you of some key factors.

Contacting you If you haven’t submitted your information by a pre-agreed date.

Making you aware of your legal obligations, deadlines and potential penalties at all times.

Our self-assessment service also includes a dedicated client manager, tax advice and consultations to ensure you reduce your tax liability wherever possible.

Who needs a self-assessment tax return?

Self-employed people and partners in partnerships and members of an LLP
Landlords
Those with income from savings and investments
Those with foreign income

People wishing to claim income tax reliefs (for example on employment expenses or investments)
Those with income over £50,000 where one person in the couple is claiming child benefit
Those who report capital gains or losses

Why choose Page Kirk for your tax return requirements?

The administration required for self-assessment can be complicated and time-consuming, but Page Kirk can complete all the necessary work on your behalf. We can ensure that you are working in the most tax-efficient and compliant way possible to ensure you don’t over-pay HMRC.

At Page Kirk, our chartered tax advisers are specialists in self-assessments and can provide you with all the advice you need, taking the hassle out of your HMRC obligations so that you can focus on the things which matter most. We offer:

A dedicated tax department with a wealth of experience and expertise
Tax consultants who are Chartered Tax Advisers, ensuring sound and up to date advice
Single point of contact so you aren’t being passed pillar to post

Reliable, professional, tailored and personal service
Digital expertise to deliver efficiencies through advanced technology solutions
Nottingham-based tax advisers with national and international reach

With Page Kirk, not only will you be compliant with laws and regulations, but you will also be assured that our team will recognise areas for improvement, such as structuring your finances in the most efficient way and making sure you take advantage of tax reliefs and allowances available to you.

Whatever your situation, our team of tax advisers in Nottingham can help you ensure your self-assessment tax return is completed correctly. Contact us today for further advice or to discuss the next steps by calling us on 0115 955 5500 or emailing enquiries@pagekirk.co.uk.

What’s next?

Arrange a consultation to find out how we can help you. Call us today on 0115 955 5500 or email enquiries@pagekirk.co.uk.

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If you already have an accountant, it’s quick and easy to switch to Page Kirk.

Page Kirk is a leading accountancy practice in Nottingham, but we service clients across the country, so wherever you are based, we can help. We will assign you an accountant to assist you in growing your business and improving its efficiency. Contact us to find out how we can help you today.

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From ensuring that you comply with your statutory requirements, to navigating the scaling-up of your business, through to effective profit extraction and dealing with your tax affairs, Page Kirk Nottingham accountants are here for you every step of the way.

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