Personal Tax Service
- Self Assessment Tax Return (SATR)
- Quay's Fixed Price Service
- Range of Fixed Prices
- Tax Advice
- Enquiries
- Join
Self Assessment Tax Return (SATR)
Every fiscal year, taxpayers must submit a personal self assessment tax return if they have been notified of a requirement to submit such a return by the HMRC or they are liable for taxation on income, profits or gains. The responsibility to submit a return lies squarely with the taxpayer and the absence of a notice issued by HMRC is no defence.
Failure to submit a return by the due date may result in a fixed penalty, interest on the late payment of tax, surcharges and other taxed based penalties. The penalty regime is onerous but following the Budget 2007 the harshness of financial penalties is likely to increase.
A return is due currently no later than the 31 January following the end of the fiscal year (a fiscal year runs from 6 April to the following 5 April) to which it relates. There are very restricted permitted excuses for late submission.
For example a return for the fiscal year 2006/2007 (6 April 2006 to 5 April 2007) must be submitted no later than 31 January 2008.
The self assessment tax return brings together all the relevant source of income, profits and gains earned, provides scope for claiming allowances, tax credits and credit for taxation already paid for an individual.
Quay's Fixed Price Service
Whilst HMRC provide a web based system for the completion and submission of returns in many but the simplest cases, this is not a task for the fairthearted as it operates on the basis that the taxpayer has a thorough understanding of taxation.
Quay Accounting provide for the compilation of the self assessment tax return in a fixed price service that includes:
- Collation of records, information and explanations from the taxpayer
- Compilation of the self assessment tax return
- Computation of tax liabilities
- Provision of a schedule of tax payments
- Calculation of payments on account and appropriate claims for reduction
- Submission of the return online or as hard copy
- Dealing with statements of account and other enquiries arising from the submission of the return of an ″Aspect nature″
NB: Our fixed fee does not include in depth enquiries into the completeness, accuracy or the existence of undisclosed income.
Range of Fixed Prices
Our prices reflect the complexity of the self assessment tax return which is often measured by the number of supplementary sections required in completing the return.
The supplementary sections are:
- Employment
- Share schemes
- Self employment
- Partnership
- Land and property
- Foreign income
- Trusts
- Capital Gains
- Non residence
| Minimum fee | £120.00* plus |
| For each separate supplementary section; | |
| Other than Capital Gains | £60.00* per section |
| Capital Gains supplementary section | £120.00* |
The provision of this service is subject to specific terms of engagement which must be agreed, and sets out the individual responsibilities of the client and Quay Accounting.
Existing clients may receive this service as part of a broader monthly fixed fee service.
We draw your attention to our terms which say that responsibility for the payment of tax liabilities, interest on the late payment of tax, surcharges and penalties will always remain the sole liability of the client and that Quay Accounting may not be held liable.
Quay Accounting recognise that clients do not wish to overpay their tax liabilities and we will provide information, explanations and other guidance on the correct amount of tax payable in the individual circumstances of the client and the activities in which they are involved.
Tax Advice
Quay Accounting can provide ad hoc tax advice on individual circumstances and transactions.
The advice given is subject to terms and conditions of engagement and is given based upon the information and explanations provided to us and based on the legislation existing at the time that the advice is given.
Specific fixed prices for ad hoc services of this nature can be agreed in advance.
Enquiries
We are happy to assist you with enquiries made by HMRC into your affairs.
The specific terms on which such services are provided depends wholly on the nature of the enquiry and the complexity of the individual taxpayers affairs. As always, such services will be clearly set out in the terms and conditions of engagement and subject to a fixed fee basis of charging.
Join
Joining our service is a simple process and can be completed by following "sign up".
Please note that we cannot act for anyone who is not known to us unless we have received the complete money laundering documentation from them.
