self assessment returns 24/25

It's unbelievable - seems only a year since the last time we all had to do a SA tax return.....

Yes it's that happy time of year when fobbing off an unwelcome job finally hits the buffers of reality, and it HAS to be done. Over 99% of our clients ask us to do this for them, as getting a reliable WiFi connection bobbing around on a yacht is so stressful.

We use top drawer software for all Tax Returns, so you can be sure that if you give us accurate data the tax bill will be right.

This year things are normal rules, - so just check all those emails in your spam folder from the Uzbekistan Investment Corp and the Belarus Growth Fund detailing your dividends, download your bank statements, find your emails with p60s attached for your salary payments, and send them all to us. If you need our questionnaire to help you remember everything (children, country estates, share portfolios...), please chase us up! We have staff who can help you remember everything.

Our target is to get them all filed by 31st October 2025, however this requires the co-operation of our ever-busy clients, so in fact we were still filing at 23.59hrs. on 31st January last time round (due to some of our clients 'sleeping').

PS. any of our non-dom clients who have now relocated to Monte Carlo may still need to file in the UK, so don't ignore us.

Also HMRC has announced:-

"Our Time to Pay options are still available to assist customers. Once they have filed their 2024/25 tax return, customers can set up an online payment plan to spread Self Assessment bills of up to £30,000 over up to 12 monthly instalments".

BUT NOT until the return is filed, so don't dance around saying "if this, what that" JUST FILE, and then see what the fiscal fallout is.

Thank heavens for civil servants reliably coming up with practicable solutions to all life's little problems.

Need to pay some tax? click here for how.

Abell Limited