Self Assessment
A service to produce a set of accounts for your business, complete your self-assesmment form and file it on the HMRC website on-line.
Note: The deadline is now 30th September 2008 to file a paper copy of the 2007/2008 self assessment form, all self assessments filed after 30th September 2008 will have to be filed online.
It is my company policy to file all clients Self Assessment returns on-line.
Key Dates | What Happens / Why Is This Date Important? |
|---|---|
This is when the new tax year starts. A 2007-08 Tax Return or Notice to Complete a Tax Return (SA316) will be sent out to all people who get a tax return each year. | |
You will be charged a second automatic penalty of £100 if your 2006-07 Tax Return was due back by 31 January 2008 but it has not been sent in. | |
If you are sending a paper Tax Return for 2007-08, you need to send it back by this date Remember: If you send back your Tax Return over the Internet all the Software and Online forms will calculate your tax liability for you. | |
If you were sent a Tax Return by 31 October 2008 this is the deadline for sending back your completed 2007-08 Tax Return | |
If you were sent a Tax Return by 31 October 2008 you will be charged a penalty of £100 if HMRC have not received your return by this date. | |
The new tax year starts. |
Key Dates | What Happens? |
|---|---|
Some people may have to make 'payments on account'. Each payment will normally equal one half of the previous year's tax liability (after taking off tax deducted at source and tax credits on dividends). The payments are due on 31 January in the tax year and 31 July following the tax year. If you need to make a second payment on account for the tax year ending on 5 April 2008 this is the date by which it should be paid. | |
31 January 2009 | If you were sent a Tax Return by 31 October 2008 this is the deadline for paying the balance of any tax you owe. Interest will be charged if HMRC have not received your payment by this date. Some people may have to make 'payments on account'. Each payment will normally equal one half of the previous year's tax liability (after taking off tax deducted at source and tax credits on dividends). The payments are due on 31 January in the tax year and 31 July following the tax year. If you need to make a first payment on account for the tax year ending on 5 April 2009 this is the date by which it should be paid. |
Top Tip: The Inland Revenue run some excellent free courses including 'becoming self employed' and 'self assessment for the self employed' visit their website at www.hmrc.gov.uk/bst/centraltraining.htm for more information.
Phone me on 01530 412658 to discuss your requirements