Self-assessment tax return forms can be extremely confusing, and are certainly more difficult than if you’re employed through a PAYE system. However, it does give you a much greater scope for tax off-setting.
According to The Guardian, the most common mistakes during the process are: including the gross amount of interest instead of the net amount of tax; not double checking your tax code; forgetting about gift aid payments you have made; and forgetting what saving accounts and investments you have.
Are you looking for local tax return services but are worried about the price? Perhaps you’re tired of using expensive accountancy firms.
If you’re new to self-assessment, don’t panic- contact We Do Any Return instead. Every year thousands of people leave their tax return to the last minute and panic, looking for their bank documents, P60 form and other bits and pieces. Since the HRMC review around 80,000 applications a day, it’s worth getting it down as soon as possible. The more an application is delayed, the higher the fines will be.
We provide an online service which is as efficient as your local accountants, but much cheaper. Our team can fill in your self-assessment tax from for only £150.00.
For more information, simply click here.
Please click here to read our previous article.