The term ‘self-assessment’ is proving to be one of the great misnomers of all time. Many taxpayers struggle to understand the complex tax returns and complete them correctly. In the first year of the regime alone, 775,000 taxpayers received £100 penalties for failing to submit their returns on time, and some 400,000 incurred further penalties because their returns were still outstanding six months later!
The constant stream of changes to tax legislation means not only that tax returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.
Figures Accountancy Services can save you a lot of time, worry and money by handling your self-assessment for you. They will do all the necessary computations, complete your return and even offer advice on how you can minimise your tax liability.
Figures Accountancy Services can act as your agent, dealing directly with the Inland Revenue on your behalf and should you be selected for a self assessment enquiry, act for you at any meetings.
Call today on 01293 773400