company name

Accountant

            SELF-ASSESSMENT TAX RETURN 

                                             FOR INCOME (AND CAPITAL GAINS)

                                                         YEAR ENDED 5 APRIL 2020

If, either the 2020 Self-Assessment Tax Return, or a Notice to Complete one, have been issued to you by the HM Revenue and Customs, your tax affairs can confidently be left to us once we have received from you the documentation on the enclosed Document Checklist. [See over]

NB – Making Tax Digital has been postponed – yet again (but not cancelled), and so Tax Returns will still be needed to be completed (and filed). 

Also enclosed is:

Double-sided Data Sheet, which contains the data that was used for the previous Tax Return.  Please look through it, and make any relevant alterations on it, and then ensure that you send us the relevant documentation.

CHANGES – If any of these apply to you, can you please let us have the full details:

Tax/Welfare Credits – although these are not a part of the Tax Return, the information to claim these is obtained from your completed Tax Return. 

Personal (including Stakeholder) Pension Relief – only if YOU pay by yourself for a Pension Policy, can you claim on your Return.  A certificate is essential.  Once again, unfortunately, you might have to press the Pension/Assurance Company for the correct piece of paper.  Please reject “marketing material”, “statements” “valuations” that they seem to send out.  It is only a certificate that is of value in the preparation of your Tax Return.

Filing “on-line”Since 2007 all Returns have been filed on-line. HM Revenue & Customs has stated that paper copies must be filed by 31 October 2020.  However, online Returns can be filed by 31 January 2021, although to most clients of our practice, this is academic only, as most Returns are filed before 31 July, thus giving certainty to that date’s true liability.  From 06.04.11 – any tax returns filed after the due date carry a penalty that will not be reduced.  More stringent DAILY penalties came into place after 30 April 2012. 

 

Timetable: It would greatly assist us to provide you with the best service if you would gather in all the relevant data now, and once you are certain that you have all of the items, please send these on together with any official HM Revenue and Customs paperwork.  We will then compile the data, and send the Tax Return to you for your formal signature of approval.  Most of this is gathering documentation from third parties, which should be in your possession by the end of April annually.  Your attention is drawn to folding over the papers, to avoid a “Large Letter” stamping rate. We have attempted to economise on the increasing cost of stamped postage, and would prefer to communicate other matters via e-Mail, please.  Any tax return data received after 1st October 2020, will, sadly, have to be charged to clients at a higher rate, as accountants’ offices tend to be highly stressed by latecomers.

 

Note: No responsibility can be accepted for any omissions or errors arising on these tax returns.

            Mistakes have proved to be expensive.

            Unfortunately, HM Revenue and Customs charges Penalties and Interest if you do not submit your Return within the strict time limits.  Our practice has a proud record of filing most clients’ Tax Returns by June 30 annually; that way clients avoid an artificial payment on July 31.

 

SELF-ASSESSMENT TAX RETURN 

                                             FOR INCOME (AND CAPITAL GAINS)

                                                         YEAR ENDED 5 APRIL 2020

If,  either the 2020 Self-Assessment Tax Return, or a Notice to Complete one, have been issued to you by the HM Revenue and Customs, your tax affairs can confidently be left to us once we have received from you the documentation on the enclosed Document Checklist. [See over]

NB – Making Tax Digital (for non VAT Registered Self-Employed/Businesses) has been postponed – yet again (but not cancelled), and so Tax Returns will still be needed to be completed (and filed). 

Also enclosed is:

Double-sided Data Sheet, which contains the data that was used for the previous Tax Return.  Please look through it, and make any relevant alterations on it, and then ensure that you send us the relevant documentation.

CHANGES – If any of these apply to you, can you please let us have the full details:

Tax/Welfare Credits – although these are not a part of the Tax Return, the information to claim these is obtained from your completed Tax Return. 

Personal (including Stakeholder) Pension Relief – only if YOU pay by yourself for a Pension Policy, can you claim on your Return.  A certificate is essential.  Once again, unfortunately, you might have to press the Pension/Assurance Company for the correct piece of paper.  Please reject “marketing material”, “statements” “valuations” that they seem to send out.  It is only a certificate that is of value in the preparation of your Tax Return.

Filing “on-line”Since 2007 all Returns have been filed on-line. HM Revenue & Customs has stated that paper copies must be filed by 31 October 2020.  However, online Returns can be filed by 31 January 2021, although to most clients of our practice, this is academic only, as most Returns are filed before 31 July, thus giving certainty to that date’s true liability.  From 06.04.11 – any tax returns filed after the due date carry a penalty that will not be reduced.  More stringent DAILY penalties came into place after 30 April 2012. 

 

Timetable: It would greatly assist us to provide you with the best service if you would gather in all the relevant data now (subject to CoronaVirus problems), and once you are certain that you have all of the items, please send these on together with any official HM Revenue and Customs paperwork.  We will then compile the data, and send the Tax Return to you for your formal signature of approval.  Most of this is gathering documentation from third parties, which should be in your possession by the end of April annually.  Your attention is drawn to folding over the papers, to avoid a “Large Letter” stamping rate. We have attempted to economise on the increasing cost of stamped postage, and would prefer to communicate other matters via e-Mail, please.  Any tax return data received after 1st October 2020, will, sadly, have to be charged to clients at a higher rate, as accountants’ offices tend to be highly stressed by latecomers.

 

Note: No responsibility can be accepted for any omissions or errors arising on these tax returns.

            Mistakes have proved to be expensive.

            Unfortunately, HM Revenue and Customs charges Penalties and Interest if you do not submit your Return within the strict time limits.  Our practice has a proud record of filing most clients’ Tax Returns by June 30 annually; that way clients avoid an artificial payment on July 31.