Welcome to the Tax Team Tax, Self Assessment & Accountancy Services
Employed / Retired Self Employed Partnerships Limited Companies Landlords Foreign Income Tax Residence / Expats Capital Gains Higher Rates
We are a client focused personal tax and accountancy/corporation tax services provider. Everyone's tax affairs are unique and with this in mind, an initial discussion is without charge. Alternatively, if you would prefer, send us an email.
From straight forward Personal Tax Returns, through more involved tax sitatuions, to full sets of Statutory Company Accounts, we have a level of service and competitive fees to meet your needs.
Why The Tax Team?
• Personal, Individual Approach
• Fixed Fee Services , with no hidden charges
• Professional Approach by Friendly Qualified Staff
• UK Taxation for a Worldwide Client Base
FREQUENTLY ASKED QUESTIONS
A: It’s a personal choice. There are many reasons for appointing someone to look after your tax affairs. Tax and Accountancy can be complicated and/or time consuming. Keeping up to date with changes in legislation, what can and cannot be claimed, changing rates/allowances and laws that may or may not apply are often reasons many people employ an agent. People who have busy lives and/or a business to run might decide that appointing an agent is the best way to ensure that tax breaks are taken advantage of, that all compliance issues are dealt with within the law and that all deadlines are met. Those not in business often want the “hassle” of dealing with tax taken away and the reassurance that employing an independent firm brings, that is, knowing everything is being dealt with timely and correctly.
Often an Accountant is a Tax Advisor and a Tax Advisor is an Accountant. Most people working within tax train within HMRC itself or within firms of Accountants before going on to specialise in tax. Within The Tax Team we offer the services you would expect from a firm of accountants covering Accounts and Accountancy, Personal and Corporate Tax Compliance and Advice.
A: The taxpayer’s…yours. The fact that HMRC have not issued a return or have told you that you do not need to do one means little, especially if HMRC is basing this on old information. It is the taxpayer's responsibility to check their position each year and advise HMRC if a return is needed and/or if their tax is wrong, even if it is HMRC’s error. If in doubt it may be best to submit a form.
A: Yes, provided you already have a 10 digit UTR (Unique Tax Reference). This can be the best way to ensure that there is no reason in the future for HMRC to question events in previous years. However, it must be stressed you are under no obligation to do a return unless HMRC ask for one and/or you meet the criteria to submit one i.e. need to do so to declare a liability/information to HMRC.
A: Only HMRC can issue UTR’s. You need to contact HMRC and explain why you wish/need to submit a return. They will then issue a UTR. Alternatively, if appointing an agent this is normally something that would be done for you. Once issued, a UTR is valid for ALL future years.
A: HMRC issue guides to help. If, after looking at the HMRC instructions you are baffled (or decide you don’t want to do it) then you have a few options. You can call HMRC and see if they can help. Alternatively, submitting the information to HMRC before certain dates means they will calculate the tax situation for you (see Calendar for dates). Finally, employing an agent to look after your tax affairs will mean that the agent will calculate the position, agree the position with HMRC and advise you of the date(s) when tax becomes payable.
A: Yes. We can deal with several years at once or “out of date” years where for whatever reason matters are not up to date, though we will not deal with anything that is illegal or fraudulent, we will make sure that matters are dealt with correctly in bringing you tax position up to date.
A: Yes, we deal with any situation where you need to submit information to HMRC, not just returns.
A: Yes. We can advise on how to trade efficiently or where you wish to trade as a Limited Company to protect personal liability. A full service can be provided re the Company (and Directors) re Statutory Accounts and all associated work.
A: Yes. We advise on VAT compliance issues.
A: Yes. We will happily answer questions over the phone, via email or if you would prefer and are near one of our offices you can make an initial appointment without further obligation.
A: Yes, provided we can prove your identity with a valid correspondence address and you can provide a photo card copy of your driving licence/passport and further documentation as appropriate (including our verification of your NI number with HMRC), then we can deal with all matters on an on-‐going basis via phone and email. Not being near to one of our offices is not a problem.
A: Yes. We deal with the tax affairs of individuals living and/or working all over the world. We can deal with correspondence and provide documents via mail (where reliable) or via email in secure PDF format where preferred.