Problems Paying your Tax in Coventry? - Coventry Accountants

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Problems Paying your Tax in Coventry?
Cheylesmore Accountants
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Problems Paying your Tax in Coventry?

• Hundreds of people are not able to pay their tax
  on time and some are worried sleepless nights
  about losing their home, job or office, going
  bankrupt, or even charge to go prison. Your
  current situation may not be as worst as you
  think, but you should act upon quickly. If you do
  not take this matter seriously, you maximize the
  chances of legal action against you.
• The worst factor is to avoid the matter.

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Problems Paying your Tax in Coventry?

• Though, you will understand and aware that you
  have unpaid tax in one of the following ways1.
  You may have received a notify bill for late
  filing penalties for a self-assessment tax
  return. Then, you should take a review at the
  information on late filing penalties.

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Problems Paying your Tax in Coventry?

• 2. You may get a letter from HMRC (HM Revenue
  and Customs) presenting that not enough tax was
  taken off your pension income or employment and
  enclosing a calculation of the tax underpaid.
  These letters are now being sent out to
  individuals who have not paid their tax yet, have
  not previously had much contact with HMRC and the
  action to be taken is illustrated in the Recovery
  of underpaid PAYE section.

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Problems Paying your Tax in Coventry?

• 3.If you already been sent a tax return, you
  may get a letter from HMRC stating that tax is
  due. It could be in the form of a letter or a
  phone call demanding payment under threat of
  legal action.

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Problems Paying your Tax in Coventry?

• Note Do not neglect the letter, phone call, or
  demand from HMRC stating that tax is payable, as
  this will generally make things worse.
  Frequently, a quick response can minimize the
  range of the tax complications.

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Problems Paying your Tax in Coventry?

• There are rigid penalties for filing late tax
  returns and interest is charged on tax paid late,
  so it is crucial that the deadlines, which are
  determined by your companys annual accounting
  date, are adhered to.

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Problems Paying your Tax in Coventry?

• Our Coventry accountants can assist with the
  personal tax return preparation, preparation of
  company accounts, company tax returns, and tax
  computations. We will be able to provide tax
  advice in Coventry that may benefit you and your
  company.

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Problems Paying your Tax in Coventry?

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