As a director of a company you are required to submit a personal tax return in the personal tax year (6th April to 5th April) that the company is formed and has started trading. You must submit a tax return even if haven’t taken any salary or dividends from the company if the company commenced trading in the tax year. If you do not, you may receive fines and penalties from HMRC.
The Competex personal tax team will advise you how much tax you need to pay and when you need to pay it. We constantly monitor adherence to tax filing and tax payment deadlines, ensuring clients avoid late filing penalties and interest charges wherever possible. We also review clients’ PAYE coding notices and liaise with HMRC on revisions to tax codes, if necessary.
Our basic fee is £250 (+VAT) and this covers the majority of our clients, who only receive income from their personal service company. Additional charges will be incurred if your affairs are more complex.
Please complete the form below if you are interested in this service.