If so, you will need to ensure you submit a correctly completed tax return, on time, and pay the right amount of tax due.
The HMRC possess a range of strong powers to issue potentially devastating penalties to taxpayers who haven’t submitted a correctly completed tax return, making it imperative that the task is given the adequate care it deserves and undertaken properly.
At Furley Page, we can help you complete your tax return or advise on requests made by HMRC (eg for information or documents).
We can produce tax computations which - particularly in the case of a proposed disposal of an asset such as a property or shares - can be helpful beforehand to assist you in budgeting for how much capital gains tax you may have to pay and structure your affairs in the most tax efficient way.
We can also help you make a tax repayment claim, ensuring you pay no more tax than you are obliged to.
The team at Furley page includes a Chartered Tax Adviser and former employee of HM Revenue & Customs. We have many clients for whom we act to file their tax returns online for them each year.