Lambert Roper & Horsfield Limited Accountants Calderdale, Huddersfield
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Personal Taxation


Completing a self assessment tax return can be a challenge. You not only risk fines for missing HM Revenue & Customs (HMRC) deadlines and interest being charged on late payments, but HMRC is now taking a tougher line on incorrect returns, with substantial penalties for errors they regard as careless or deliberate.

And although HMRC will calculate your tax, unless you have a good knowledge of taxation, it may not be wise to assume the outcome is correct.

Our dedicated tax team will collate all your records and paperwork, and any additional information you give us, to complete your tax return for you, quickly and cost-effectively.

And when we prepare your return, we will aim to save you as much tax as we can by making use of all the reliefs available to you, including those that non-tax specialists would not be aware of.

We’ll also calculate your tax liabilities and protect you from last minute surprises by giving you notice of these as far ahead as we can, so that you have as much time as possible to make payments.

For your peace of mind, all the tax returns we prepare are double-checked by a suitably qualified member of our tax team before being sent to HMRC.

We will also receive and check copies of notices of coding and statements of account from HMRC, so that we ensure that all the details are correct.

To find out more about how we can help you, please contact LRH accountants in Calderdale.

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Telephone: 01422 360788

Email: mail@lrh.co.uk

 

Latest News

VAT Deferral New Payment Scheme goes live

February 24th, 2021

HM Revenue & Customs (HMRC) has announced that its online VAT Deferral New Payment Scheme is now open for applications to help businesses arrange smaller monthly repayments of deferred VAT.

Under the New Payment Scheme, you can repay VAT deferred between 20 March and 30 June 2020 in up to 11 instalments from March 2021 (the length of repayment and number of instalments will depend on when you join).

To use the online service, you must:

  • Join the scheme yourself – agents cannot directly assist you;
  • Have deferred VAT to pay;
  • Be up to date with VAT return filings for the last four years;
  • Correct any errors on VAT returns, as soon as possible;
  • Make sure you know how much VAT you owe;
  • Pay the first instalment when you join; and
  • Pay instalments by Direct Debit (there are alternative payment methods of payment on request).

If you intend to use this scheme, you will need to opt-in online between 23 February and 21 June 2021.

Click here to join the scheme today

Businesses can also repay their deferred VAT in full by 31 March 2021 or agree extra help to pay with HMRC by calling 0800 024 1222 by 30 June 2021.

Businesses may be charged interest or a penalty if they do not pay the deferred VAT in full by 31 March, opt-in to the VAT Deferral New Payment Scheme or seek additional help to repay deferred VAT by the deadlines outlined above.

If a business decides to use the New Payment Scheme it will not affect its ability to request a Time to Pay arrangement from HMRC in future.

Although agents, such as accountants, can’t join the scheme on your behalf, our team can help you get your VAT affairs in order and figure out how much VAT you may owe. To find out more, please contact us

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