Tax Returns
Preparing even the most straightforward tax return can be complicated. There are various deadlines and responsibilities for taxpayers to be aware of.
Our Tax Return service can support your business by preparing your accounts and then we will also file your tax return online.
Let our qualified and experienced team guide you through the tax return process and provide you with invaluable advice.
We have a wealth of experience and can handle the accounts of sole traders, partnerships, and limited companies.
At Boux Bookkeeping, we prioritise accuracy and timeliness in all our tax return services. Contact us today to learn more.
We Offer the Following
Tax Return Services for Your Business and Much More
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Corporation tax
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Income tax
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VAT
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National Insurance
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Dividend tax
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Business rates
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Statutory accounts
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Corporation Tax calculation
​The staff at HM Revenue & Customs are not tasked to advise you on how to organise your affairs and minimise your tax. If you want to make sure you are paying the right amount of tax,
contact us today.
Join us in three easy steps
Get in touch
Arrange a free consultation in person or via video.
It’s an informal chat to get to know you and your business to find out more about the help you are looking for.
Talk with an expert
We will clearly explain the support available to you and are happy to act as business advisors in order to help you and support your business.
Get a fixed quote
Our fees are fixed and tailored specifically to each individual's needs, so that you only pay for the level of support and services that you require.
Frequently Asked Questions
What taxes do businesses pay?
The type of tax that you pay when you run a small business and the method that you’ll pay it will depend on the way that your company is structured. A sole trader will pay different taxes than a limited company or a partnership.
Are there any penalties for paying tax late?
Yes, if you’re late making a payment or fail to make it at all, then you’ll be penalised for this.
If you fail to pay your Company Tax Return by:
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1 day — You’ll be charged £100.
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3 months — An extra £100.
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6 months — HMRC will estimate your Corporation Tax bill and add a penalty of 10% of the unpaid tax.
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12 months — Another 10% of any unpaid tax.
If your tax return is later three times in a row, the £100 penalties are increased to £500 each.
When to register for VAT?
When your business reaches a turnover of £85,000 or higher, you’ll need to register for VAT through HMRC. Once you’ve registered, you’ll then be sent a VAT certificate which includes:
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A VAT number
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The date of registration
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The date that you must submit your first VAT return and first VAT payment
When does the tax year run from?
The current tax year runs from the 6th of April 2023 until the 5th of April 2024.
Different taxes have different payment schedules, so remember to make a note of when you need to pay each tax to avoid late fees.
What are the UK tax return deadlines?
Paper self-assessment tax returns must be completed by October 31. Online self-assessment tax returns must be completed by January 31. For example, when returning your self-assessment for the 2022/23 tax year, the deadline will be October 31, 2023, for paper forms and January 31, 2024, for online forms.
The world of tax can be complicated — especially when you’re trying to get your business off the ground. Whether you’re hiring employees or keeping on top of stock, the admin tasks can quickly pile up.
That's why it makes sense to let Boux Bookkeeping lighten the load.
Our experienced team can take care of all of your business essentials to save you time and money on business energy, insurance, and more.
Get in touch now to see how we can help.