Can You Defer Self Assessment Payments on Account?

Taxpayers are not required to make payments on account for 2010 if the 2009 income tax and Class 4 National Insurance liability is less than £1,000. So getting your return in on time could reduce the payment due 31 January 2010 and mean there’s nothing to pay by 31 July 2010.

Self assessment payment on account

The 2nd payment on account for personal tax is due by 31st July 2010. If you are having problems making payment, contact Nottingham Accountants Marshall Smalley to discuss your position. We maybe able to arrange for you to pay in installments. Give us a call to find out!

Tax Investigation Help

Tax investigations by HMRC are worrying, stressful, even puzzling and will certainly raise a number of questions in your mind. Where can you get help quick so you can focus on taking care of your business?

We can provide the answers in a straightforward manner explaining HMRC’s investigation and their powers so you know what to expect, how long it will take and what it is likely to cost.

We have over 31 years experience and specialise in managing HMRC investigations and disputes. We will support you throughout to help you and your family survive the process whatever your tax problem involves, these can be:

•Corporation Tax or Income Tax Enquiries
•HMRC’s Offshore Disclosure Facility or the Tax Amnesty
•Civil Investigation of Fraud
•Notifying HMRC of tax evasion to protect you from prosecution
•HMRC Specialist Investigations

We are based in Nottingham and can work with you wherever you are, in the UK or overseas.

Contact Marshall Smalley Accounts for help and advice regarding your tax investigation from specialists tex investigation accountants.

VAT cash accounting scheme

If you sell more on credit than you buy on credit, we should look at the VAT Cash Accounting Scheme. Normally you pay VAT on your sales according to when you invoice but using this scheme defers the payment of VAT as it is based on when the customer has paid you.

Reduce your income tax

If you are self-employed and your business profits have reduced we may be able to reduce your income tax payment due on July 31.

19 July Payment Deadline

Payroll taxes for the month ended 5 July and payments of Class IA NICs on benefits should reach HMRC by 19 July.

Working Family Tax Credits

Tax credits can add up to very significant sums, so if you think you qualify you need to act quickly, claim now and ask for your claim to be backdated.

Declarations of income for last year are also due by the end of July.