Milton & Partners - Accountants & Business Advisors


Accountancy - Taxation - Self Assessment - International - Payroll
Milton & Partners

Self assessment


Self assessment
Self employed
Limited companies
Rapid Return Tax Service
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Don't pay more tax than you need!

As well as helping you to pay on time let us make sure you don't pay too much.

Use our Rapid Return Tax Service and let us calculate exactly what you need to pay.

If you've received a Self Assessment Tax Return, do not ignore it! You have an obligation to complete it and submit it, even if there is no tax due for payment.

The Self Assessment system commenced in 1996/1997, and was meant to simplify tax matters but often, the Self Assessment Tax Return can be very difficult to complete.

Does it apply to you?

Self Assessment is most likely to apply to you if you are:

- A company director or an employee/individual with more complex affairs.
- Self employed - as a sole trader or in partnership
- A trustee or personal representative

Completing your tax return

As soon as the tax year has finished, you will receive a Tax Return. The tax year runs from 6th April to 5th April each year, and your Return must be submitted by the following 31st January, or you will be liable to an automatic 100 penalty. A further 100 penalty is payable if your return has still not been submitted six
months later.

Payment of tax

The two usual tax payment dates are

31st January following the end of tax year and
31st July following the end of the tax year.

Penalties and surcharges may apply if you underpay or pay late. Interest also accrues on tax paid late.

How can Milton & Partners help you?

We can take away all the complications - by completing the Self Assessment Tax Return for you, calculating your tax liability and advising exactly when it must be paid.