SELF ASSESSTMENT

Get in touch with our team of experts

Get in touch with our team of experts

Self- Assessment is the system of HM Revenue and Customs (HMRC) that’s being used to
collect Income Tax. Tax is generally automatically deducted from your wage, savings, or pensions. You, other individuals, and businesses with sources must need to report and file a tax return.

Understanding Self- Assessment Tax Return

If you receive a non-taxed income, the United Kingdom government would require you to file a self-assessment tax return. The HMRC’s way of gathering Income Tax is the self-assessment tax return. If you fail to declare your full income or submit your tax return, you may incur significant fees.

Here at City Heights Accounting Services, we understand that completing a self-assessment tax return is no easy feat. You will need all the guidance that you can get to ensure that you never make a costly mistake. We can easily take the burden off your shoulders and carry it ourselves.
Our experts can advise our clients on:
● What exactly they should declare
● How they can minimise the amount they need to pay
● Offset their personal losses
● How to manage one off capital gains

If you need a helping hand in handling your finances, especially with your self-assessment tax, contact us here at City Heights Accounting Services. We will be more than happy to provide you advice or aid that every taxpayer needs.