How does taxing work?
You must provide the Inland
Revenue with a note of all new sources of income by 5th October of the next
tax year (year ending 5th April). Otherwise, if you have already been asked
to send in a return, you must do so by the 30th September following the tax
year.
Especially if you are employed
and you want any underpayment collected through your PAYE code. You can
postpone filing until no later than the 31st January if you calculate your
own liability. The
Inland revenue are also introducing incentives for those who send in returns
electronically.
What service does Trutax provide?
We can deal with initial
communication with the Inland Revenue, and the preparing and filing of
returns. This includes filing electronically on your behalf.
We can also advise on how you should deal with queries and inquiries
regarding the Return, although this will be subject to additional charges
depending on the time we spend.
