The rules and regulations on Personal Tax Self Assessment from HM Revenue and Customs can be quite time consuming and complex.
And that's without considering the penalties involved for non submission and submission of incorrect Returns!
There are many reasons why HMRC will require you to complete a Tax Return.
Among these are being or becoming a company director during the tax year, receiving untaxed income such as capital gains, and being in receipt of dividends or savings income during a tax year in excess of £10,000 gross.
In addition a Tax Return will be needed if you have multiple sources of income, and if you have dual residency, or are working abroad.
As part of the service we'll also remind you of all the important self-assessment deadlines.
These include reminders of when and what you must pay, and if you're due a refund, then we'll arrange for HMRC to pay it directly into your bank account.
On top of that we promise to try and explain tax matters in plain English.
Whatever your situation, if you're unsure of your position or believe you should be completing a return, then Paystream can help.
We have an experienced team of Tax Professionals who deal specifically with personal tax, who can advise on what steps you may need to take, if any, to ensure you don’t fall foul of HMRC legislation.