As an employed individual, you tend to meet all of your tax

responsibilities using the PAYE system, but there can be

senarios when submitting your tax return can be the tax

efficieant and will reduce the amount of tax you have to pay

or because you are obliged to under HMRC rules.

This might apply where you are employed and:.

• You are self employed or a partner in a partnership
• You are a company director
• You have large amounts of savings or investment income
• You have untaxed savings or investment income
• You own land or property that is being let
• Your household receives Child Benefit and you have income in excess of £50,000
• You have income from overseas
• You have sold or given an asset away (such as a holiday home or some shares)
• You’ve lived or worked abroad or aren’t domiciled in the UK

• Check your tax position for you, because you suspect the tax collected by your employer(s) was too high/ low
• Prepare your tax return because you have some untaxed income from savings/ properties.
• Make a claim for a tax refund from HMRC on your behalf
• If you have incurred expenses as a result of being employed, we can complete the claim form or tax return for you in order for you to obtain tax relief on them.

S&Y Accounting

0203 601 5656