top of page
Desk

PERSONAL TAX

Self-Assessment and Personal Tax Returns

Every individual under self assessment must complete a tax return and file it with HMRC, usually by 31st January.  Failure to do so will result in a £100 penalty automatically issued by HMRC.  We can prepare your tax computations, and give you a full explanation of the refund or payment due.  We can also file your tax return electronically with HMRC on your behalf.

HM Revenue Tax Enquiries

HMRC has the legal right to open an enquiry into any Tax Return. If you have been chosen for investigation, we can represent you and manage the investigation throughout, keeping you informed every step of the way.

 

One of the best ways to protect against an investigation is to employ an accountant to do your taxes, as we will ensure that your tax return is accurate and complies with the UK tax regime.

​

Inheritance Tax Planning and Trusts

We are here for you to discuss your plans and ideas with us before you make any changes to your personal assets and circumstances.  We will advise you on the tax implications and help you with a plan that achieves your objective, but keeps your tax charge as low as possible.

PAYE Tax Code Assistance

The number in your tax code tells your employer how much you should be paid tax-free. Different letters have different meanings. The letter in your tax code gives your employer more detail about how to tax what you earn over your tax-free allowance. Different letters have different meanings. If your tax code is incorrect you could be overpaid or underpaid without knowing it. This is why it’s important to check your tax code and will ensure that you get every penny you deserve on payday.

Need more details? Contact us

We are here to assist. Contact Loughrey & Co Chartered Accountants for expert advice and support. Whether by phone, email, or via our social media channels, we are ready to help you with your accountancy needs.

bottom of page