We would like to provide a few tax tips for you as an individual, and some for those of you who have little people in your lives!

• If you are not asked to complete a tax return, it remains your responsibility to advise HMRC if there is a source of untaxed income or capital profit that could lead to a tax liability.

• Remember to keep all tax related documents such as interest statements, dividend vouchers, pay certificate form (P60) etc. Place everything in a folder throughout the year as it is received, to hand to your accountant to prepare your self assessment return.

• If you are feeling charitable, remember that a contribution to charity under the Gift Aid scheme benefits from tax relief.

• Many couples with children who are entitled to a tax credit do not receive it because they fail to apply.

• If you are unsure about your tax code & are anxious not to end the tax year under or overpaid, then you should have it checked.

• Contributions by an employer to a registered pension scheme are tax and NIC free. This may be far better than any other perk. You may want to sacrifice some of your ‘normal’ salary to do this.

• If you are paid less than the statutory rates to use your car for business purposes remember to claim a deduction on your return or write to HMRC to make your claim.

If you have any questions on any of the above & require assistance with your tax return please feel free to contact us.