Income Tax

HMRC requires everyone to submit tax returns each year. Any employed or self employed person is liable to file self assessment return and deadline for the self assessment return is 31st January each year. 

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Income that is subject to income tax is

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1. Employment Income

2. Rental Income

3. Dividend Income

4. Government Grants

5. Interest on savings income and overseas income

6. Capital Gains

7. Inheritance

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We at AtlasFin, can prepare your income tax and submit the self assessment on your behalf with care and professionalism. 

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Common mistakes made by the tax fillers are

• Improper income declaration 

• Not taken into the account about Government tax reduction schemes

• Non deduction of allowable expenses from the taxable income

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