Self-assessment – making it easy for you to meet deadlines and avoid penalties.
New clients often ask us if we need their HMRC Gateway logon and password. The good news is that we are registered tax agents with HMRC, and have our own Gateway for submission of tax returns.
This means we can submit tax returns right up to the deadline of 31 January 2015, and there will be no delay waiting for a Gateway account to be set up.
The October 31 deadline for paper submissions is now past. All future submissions must be made online in order to avoid automatic penalties, and we can submit your self-assessment or Corporation tax return via our own Gateway.
If you haven’t done your tax return … why are you waiting? You don’t pay the tax any sooner, as it still isn’t due until 31 January 2015, but you will know what your tax liability is and you can make sure you have enough money to cover it.
Short of funds? It is even more vital that you calculate your tax liability NOW! If you telephone the Business Payment Support Service BEFORE the deadline of 31 Jan, then you may be able to arrange a monthly payment plan and will not suffer any penalties or interest charges for late payment.
HMRC Business Payment Support Service
0300 200 3835
Opening hours: Mon-Fri 8am-8pm, Sat-Sun 8am-4pm
Just one day late will cause an immediate penalty of £100. If you have a partnership, each partner will also incur penalties for late submission of the partnership tax return.
Penalties start increasing (very quickly) if your tax return is more than three months late.
HELP US TO HELP YOU
We have a two week turnaround, on a first come, first served basis. We cannot guarantee a timely submission for records received after mid-January.
However we do get very busy in December and January so the 2 weeks turnaround may be extended, but we will advise of the expected date of completion when accepting your records.
If you contact us now, and let us have your tax return information, then we can guarantee a timely submission.
You can call us on: 01977 667789