Self Assessment Personal Tax Return

As a Company Director you are required to complete a Personal Tax Return annually.   If you have instructed us to complete your Personal Tax Return,  we require details of all the income you received out-with your company such as salary, pension income, rental income etc and also details of tax paid on this income.

Where applicable you will need to provide P60’s, interest certificates and evidence of income and expenditure for a rental property. This enables us to check the accuracy of the figures in the Personal Tax Return and provide you with details of any additional tax due.

HMRC – Payments on Account

What are they?

Basically, they’re payments towards your next year’s income tax.

So on 31st January 2015 and 31st July 2015, you may be told to make payments on account towards the tax you’re going to have to pay on your income for the tax year 2014/15.

How are they calculated?

50% of the previous year’s tax bill for each payment.

So, if your tax bill for 2013/14 was £1,500 (you only have to make payments on account if your tax bill is over £1,000), then each payment on account would be £750.

Due dates for payments on account?

  • The first on or before 31 January of that tax year.
  • The second on or before 31 July next following that tax year.

If you have not already done so, please return your Personal Tax Return Checklist together with any relevant back up as soon as possible so we can prepare your tax return.

Our Accountancy Packages

Choose from a choice of three fixed-fee packages, each one designed to suit how 'hands-on' you would like to be in the day-to-day administration of your company.

Standard Package

Provides all key Limited Company support services that an experienced contractor requires - ensuring low costs but leaves you with the responsibility of making all HMRC payments.

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Standard Plus Package

All the benefits of our Standard Package plus Initial IR35 Contract Review, Annual Tax Planning Review and Second Shareholder Personal Tax Return.

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Premier Package*

Our most popular service, 83% of our clients enjoy the all- inclusive support that this option provides. We take care of everything on your behalf – you won’t find a more complete service anywhere.

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