Taxation Services
Every business in the UK is required to file some form of tax return (on paper or online) with HM Revenue & Customs at the end of the year.
You must fill in a tax return and pay tax using the self assessment system if you are:
For full details about who should complete a tax return go to the GOV.UK website at www.gov.uk or please contact us for more information.
The tax year runs from 6 April to 5 April the next year. The deadline for sending your completed tax return back to HM Revenue and Customs (HMRC) depends on whether you submit a paper return (31st October) or file it online (31st January). If you receive a tax return, the law says you must fill it in.
Failing to submit your business tax return on time could result in heavy fines and penalties!
At present, a late tax return is subject to the following penalty regime:
You must fill in a tax return and pay tax using the self assessment system if you are:
- Self employed and work alone (a sole trader)
- A member of an unincorporated partnership
- A company director (unless it's an unpaid position for a not-for-profit organisation like charity)
- Employed and self-employed
- A minister of religion
- A trustee or the executor of an estate
- A landlord
- Your household receives Child Benefit and you have income in excess of £50,000
- You have income from overseas
- You have sold or given an asset away
- You’ve lived or worked abroad or aren’t domiciled in the UK
For full details about who should complete a tax return go to the GOV.UK website at www.gov.uk or please contact us for more information.
The tax year runs from 6 April to 5 April the next year. The deadline for sending your completed tax return back to HM Revenue and Customs (HMRC) depends on whether you submit a paper return (31st October) or file it online (31st January). If you receive a tax return, the law says you must fill it in.
Failing to submit your business tax return on time could result in heavy fines and penalties!
At present, a late tax return is subject to the following penalty regime:
- An automatic, initial £100 penalty, which will apply even if there is less than £100 tax to pay or the tax due is paid on time
- 3 months late: Additional daily penalties of £10 per day – up to a maximum of £900
- 6 months late: A further penalty of 5% of the tax due or £300 – whichever is greater
- 12 months late: Another 5% of the tax due or £300 – whichever is greater
- In some of the most severe cases, the penalty after 12 months can be up to 100% of the tax due
Self Assessment Tax Returns (HMRC SA100)
Acting as your tax agent, all our efforts will be geared towards helping your business to avoid any tax problems and penalties.
Our Self Assessment tax return service will use approved HMRC software; to
Please get in touch if you need any advice or assistance. (Price does not include Year End Accounts)
* Where individuals have other sources of incomes such as employment, bank interest, rental income, dividend income a charge of £50 may be incurred for each additional amend and schedule.
Our Self Assessment tax return service will use approved HMRC software; to
- Complete your self assessment tax return maximising all allowable expenses
- Calculate your tax liability and inform you of any tax owed or rebate due
- File it online at HM Revenue & Customs (HMRC) on your behalf
- We also offer advice on how to minimize your tax liability
- Remind you each year - so you do not face the danger of costly penalties!
Please get in touch if you need any advice or assistance. (Price does not include Year End Accounts)
* Where individuals have other sources of incomes such as employment, bank interest, rental income, dividend income a charge of £50 may be incurred for each additional amend and schedule.
additional sources of income (SATR) fees
Self employment income / CIS Subcontractor only From £150
Employment and Self employment income only From £200
Employment, Self employment income and savings From £250
Employment and Self employment income only From £200
Employment, Self employment income and savings From £250
Partnership Tax Returns (HMRC SA800)
When trading in partnership you are required to complete and submit a Partnership Tax Return together with individual partner's self assessment tax return to HM Revenue & Customs.
We can help you prepare your Partnership tax return and file it online at HM Revenue & Customs (HMRC) on your behalf using approved software so that you do not have to.
Our Partnership Tax Return including 2 partner's personal tax return service fee start from £300 for the 2018/19 tax year.
Please get in touch if you need any advice or assistance. (Price does not include Year End Accounts)
*Personal tax returns for additional directors / partners are charged at £125 each.
We can help you prepare your Partnership tax return and file it online at HM Revenue & Customs (HMRC) on your behalf using approved software so that you do not have to.
Our Partnership Tax Return including 2 partner's personal tax return service fee start from £300 for the 2018/19 tax year.
Please get in touch if you need any advice or assistance. (Price does not include Year End Accounts)
*Personal tax returns for additional directors / partners are charged at £125 each.
Corporation Tax Returns (HMRC CT600)
Limited companies are also subject to Corporation Tax on their business profits each year (unless dormant). All corporation tax returns for accounting periods must now be filed online.
The deadline date for filing the return and the payment of tax:
Our Corporation Tax Returns only service fee start from £150 for the 2018/19 tax year. Please get in touch if you need any advice or assistance. (Price does not include Year End Accounts)
The deadline date for filing the return and the payment of tax:
- The Company tax return must be submitted to HM Revenue & Customs (HMRC) within 12 months after the accounting period end to which it relates
- Any corporation tax due must be paid online by 9 months and 1 day after the accounting period end.
Our Corporation Tax Returns only service fee start from £150 for the 2018/19 tax year. Please get in touch if you need any advice or assistance. (Price does not include Year End Accounts)
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