Accountants London - Income Tax Services
Income Tax
With three main rates of income tax and special rates applying to dividends, savings income and trusts, the rules are increasingly complex. Tax is collected either by direct assessment or by deduction at source and there are various deductions and reliefs to which an individual may be entitled in computing his or her income tax liability.
No one likes paying over tax; to ensure you pay the minimum and that the process is as pain free as possible, contact us today
Self-assessment and tax returns
Under the Self-assessment regime, taxpayers can work out their own tax and must pay the tax due by the payment date; HM Revenue and Customs will only calculate the tax for those who submit their return by 30th September. There are automatic penalties and interest for failing to comply.
Our team use the latest technology to ensure that your tax return is processed efficiently and effectively. Our services include:
- Computerised preparation of your Income Tax Return.
- Calculation of your tax liability.
- Submission of completed return to HM Revenue and Customs.
- Calculation of future tax liabilities and advice on due dates of payment.
- Checking and agreeing HM Revenue and Customs demands and tax codes.
Income tax planning
We don’t just stop at processing your Tax Return. To ensure you pay the minimum level of tax we will advise on tax planning opportunities, and we will discuss your overall financial affairs with you to ensure your future needs and goals are met.
International employees
If you are an expat or overseas national, coming to or leaving the UK we can calculate your liability to UK taxation, liaise with your home accountant and plan with you how to minimise your UK taxation liability.
International Employees
If you are an expat or overseas national, coming to or leaving the UK we can calculate your liability to UK taxation, liaise with your home accountant and plan with you how to minimise your UK taxation liability.
