General Tax Tips
- Get your tax return in on time (by 31st January at the very latest)
- to avoid a £100 penalty.
- Pay the
tax on time Tax is due on 31st January and interest is charged from that date. 28th
February is the absolute deadline to avoid a 5% surcharge.
- Keep all your tax related records.
- The Revenue
only guarantee to calculate your tax if you get your return to them
before 31st October Otherwise you may need an accountant to help you complete the calculations
on your return.
- Use an Accountant The revenue will help you calculate your tax 'correctly' but they
do not usually help you to minimise your tax - Would you ask a crocodile
to help you across a river.
- In recent years the revenue have gained more power
to start 'enquiries' and they do not have to give
you a reason for looking in to your tax affairs.
- We can prepare
your tax return for you from as little as £100 + vat.
