Register the company for Corporation Tax
Producing & storing company certificates
Register your new company with Companies House
Set up a PAYE scheme for the company
Please be aware that while most HMRC forms are downloadable, some will need to be completed online.
Do I need to complete a Self Assessment Tax Return?
If HMRC have sent you a Self Assessment Tax Return or a notice to complete one then they will more than likely want it completed and returned to them. However, there are exceptions. Please get in touch as soon as possible if you do not feel you should be completing a return.
What are ‘Payments On Account’?
Simply, Payments on Account are a prepayment of tax to HMRC based on the figures from the year before. They are payable in January and July, and may be reduced if your tax liability will be lower than the previous year.
What will the penalty be if I am late with my Self Assessment Tax Return?
1 day late -£100. 3 months late - £10 daily penalties for up to 90 days. 6 months late - greater of £300 or 5% of tax owed.
12 months late- greater of £300 or 5% of tax owed.
Can you take your fee from my repayment?
Yes that is not a problem at all, however we will require the first year to be paid up half up front and half upon completion as we will not know your situation with HMRC until we are registered as your authorised agent.
How long does it take for a tax repayment to come through?
While HMRC like to give an 8 week timescale before they will entertain enquiries, we find that repayments are coming back in around 7-14 days at present.
Am I paying the right amount of tax?
It would be tricky to say as it depends on your individual circumstance.
If you live locally then feel free to pop into the office (or call us on 01202 399111) and we would be happy to speak with you and make sure you are paying the right amount of tax.
When does my Self Assessment Tax Return have to be filed with HMRC?
Paper Returns are due to HMRC by the 31st October following the end of the tax year. However, here at the Personal Tax Centre we file your Return with HMRC electronically, thus allowing us a deadline of 31st January.
I do not live in Bournemouth, is that a problem?
Not at all. While our clients come mainly from Bournemouth, Poole, Christchurch, Wareham, Weymouth, New Milton, Southampton or Portsmouth, we also have clients from further a field and are fully capable of looking after your affairs from a distance.
From London to Birmingham, Manchester and all the way up to the Highlands, we also serve clients in Ireland, France, Poland, Spain, America, Brazil, Portugal, Australia, New Zealand and India.
Personal Tax Centre Limited
12 Ashley Road
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Register the company for VAT (if necessary)
All other company secretarial work
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