Self-Assessment Tax Return

Preparing Self-Assessment is a legal requirement for all self-employed people and some other category of taxpayers.

The UK tax system is not simple, so preparing even the most straightforward tax return can be complicated. There are various deadlines and responsibilities for taxpayers to be aware of.

The staff at HM Revenue & Customs are not tasked to advise you on how to organise your affairs and minimise your tax. Therefore, if you want to make sure you are paying the right amount of tax, you should consult a professional.

At Faros Capital Ltd, as part of the above service, we can analyse your self-assessment tax return to see if any tax savings can be made and we can also review the form to see if there are any anomalies that need to be addressed before the return is submitted.

WHAT THAT SERVICE INCLUDE?

  • Assessing your tax return in order to see if any tax savings can be made
  • Calculating your tax liability
  • Completing your tax return
  • File the return online
  • Liaise with you on the amounts to be paid and when they are due
  • Advice for the future years if there are any anomalies in the return

FOR WHOM IT IS?

The most common reasons that a tax return may be required are as follows:

  • You are self employed or a partner in a partnership
  • You are a company director
  • You have large amounts of savings or investment income
  • You have untaxed savings or investment income
  • You own land or property that is being let
  • 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 (such as a holiday home or some shares)
  • You’ve lived or worked abroad or aren’t domiciled in the UK

PRICE (including VAT)

£180

Complicated Self-Assessment (including factors like Property income, cryptocurrency operations, foreign income, remittance basis) – please enquire

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