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UK Tax Returns…Wish You Didn’t Have To?
By: Keith Bateup
If you find yourself dreading the brown envelope with your self assessment tax return form coming through the post you are certainly not alone.
Millions of people feel the same way as you and go through the same laborious process year after year. It is one of the most time consuming and futile exercises that there are. Add to that the fact that you begrudge having to give your hard-earned cash away anyway, the whole experience is rarely a positive one.
Not only this, but the forms are boring and confusing. Even having read the personal tax return guide numerous times it is still not clear and seeing as it isn’t the right time to complete the form (it never is) it gets put away. Your tax return self assessment form usually ends up on top of a pile of bills that gets hidden and then lost in the weeks leading to the tax return deadline!
Even the keenest taxpayer can find the process frustrating. Often you have to wait months for the various financial institutions to send you the paperwork you need to enable you to complete the tax return . Once you have the paperwork you are faced with a dilemma; to ask the Inland Revenue to assess your tax, in which case you have to complete the form by 30 th September; or assess your own tax which means you have until the end of January. self assessment has the advantage that you have longer to complete your tax return , but there is the additional worry that you might get it wrong.
Then you have to decide whether to be adventurous and fill in your tax return online or use the old fashioned method of sending it in by post. To give them their due, the Inland Revenue website is really clear and easy to use but many people are still nervous about sending their personal details over the internet, in particular personal financial details.
Companies specialising in tax returns have certainly hit the spot when it comes to relieving the tormented tax payer. They offer expert tax advice, personal financial planning, self assessment preparation but most importantly they will fill in your tax return assessment forms for you. What is more you can have a dedicated personal tax advisor who can guide you and assist you all the way. Many people have found that they can save time, effort, and endless paper work, safe in the knowledge that their calculations are correct and in the hands of an expert
Here is a good site if you need assistance with filling in your tax returns. They are really helpful and can help you to avoid the annual tax return nightmare! http://www.cus4taxreturns.co.uk/
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