Self Assessment Tax Returns in Okehampton

You need to file a Self Assessment Tax Return if you are self-employed, a sole trader, a landlord with rental income, a company director, or if you have untaxed income such as dividends, interest, or foreign income. Even if your income is below the personal allowance, you may still need to register if you have any of these income sources. Contact SATR to determine your filing obligations.

Our service includes registering you with HMRC, preparing and submitting your SA100 return, calculating your tax liability, and identifying allowable expenses and reliefs. We also provide year-round tax planning advice and handle all HMRC correspondence on your behalf. This ensures your return is accurate and compliant, saving you time and stress.

First, you provide us with your income and expense details, and we'll guide you on what documents we need. Our accountants then prepare your SA100 return, ensuring all figures are correct and all reliefs are claimed. We submit the return digitally to HMRC well before the 31st January deadline, and we'll keep you informed throughout the process.

You'll need to provide records of your income, such as P60s, P45s, dividend vouchers, and bank interest statements. For expenses, keep receipts and records of business costs, including travel, equipment, and office expenses. If you have rental income, include details of rent received and allowable expenses. Our team will give you a checklist to make it easy.

To act as your agent, we need your authorisation. We'll register with HMRC using your Unique Taxpayer Reference (UTR) and your National Insurance number. Once registered, we can submit your Self Assessment Tax Return and communicate with HMRC on your behalf. This ensures all correspondence goes through us, giving you peace of mind.

If you miss the deadline, you may face an automatic late-filing penalty, and interest will accrue on any unpaid tax. With SATR, we monitor deadlines closely and ensure your return is submitted on time, so you never have to worry about penalties. If you've already missed a deadline, we can help you file as soon as possible to minimise the impact.

We offer transparent fixed-fee packages for Self Assessment Tax Returns, with no hidden costs. The fee depends on the complexity of your tax affairs, such as the number of income sources and the level of tax planning required. We'll provide a clear quote upfront, so you know exactly what you'll pay before we start.

Yes, our accountants have expertise in handling foreign income, including overseas employment, rental income, and capital gains. We'll ensure you declare all worldwide income correctly and claim any available foreign tax credit relief. This helps you stay compliant with HMRC while avoiding double taxation.