First time tax returns

From 6 April 2016 only the first £5,000 of dividend income, and the first £1,000 of interest, (for basic rate taxpayers) is taxed at 0%. The savings rate band of £5,000 and the personal allowance may also be available to cover the income before a tax liability arises, but this will depend on factors such as other income and whether the basic rate band is breached.

We are here to assist existing and new clients with registering for self assessment and the preparation of heir self assessment tax returns.