Tax Returns/Self-Assessment

1.jpg

Self-assessment is a system HM Revenue and Custom (HMRC) uses to collect Income Tax. Self-assessments plus tax returns can often be a time consuming and confusing process for business owners. 

The Taxlite Team are highly experienced within this area and can complete self-assessment and tax returns to ensure compliance for its client.

The most common reasons that a tax return may be required are as follows:

  • You are self-employed or a partner in a partnership

  • You are a company director

  • You have large amounts of savings or investment income

  • You have untaxed savings or investment income

  • You own land or property that is being let

  • You have income from overseas

  • You have sold or given an asset away (such as a holiday home or some shares)

  • You’ve lived or worked abroad or aren’t domiciled in the UK