Self Assessment

Self-Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax.

Tax is usually deducted automatically from wages, pensions and savings. People who do not pay their tax in this way like the self-employed or landlords must report their income to the inland revenue, usually by submitting a tax return

Although the tax year runs from 6th April to the 5th April, a return does not need to be completed until 31st January following the end of the relevant tax year.

You must complete a self-assessment tax return if: –

  • Self employed
  • You are in a partnership
  • You get £2,500 or more in untaxed income from tips or renting out a property for example.
  • Your income from savings or investments was £10,000 or more before tax
  • Your income from dividends was £10,000 or more before tax
  • You need to pay capital gains tax – this happens when you make a profit from selling things like shares or a second home
  • You are a company director
  • Income from abroad

Here at Harrigan Accountancy Ltd, we provide:

  • A fast, efficient and reliable service
  • Prepare your tax return and calculate your tax position
  • Submit your tax return to HMRC
  • Provide you with a financial statement
  • Provide you with full support via email, telephone and in person (if local) including weekends
  • Offer a competitive rate including monthly plans


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