***PLEASE IGNORE THIS REMINDER IF YOU HAVE ALREADY SENT US YOUR QUESTIONNAIRE***
If you would like Cogent to prepare and file your 2019/20 tax return and you have not yet sent us your completed Self-Assessment Tax Return Questionnaire, you will need to do so by 30 September 2020 to benefit fully from our discounted fee.
If you have a second shareholder, they may also need to file a tax return, even if they haven’t previously; this is due to the changes to dividend tax from April 2018, which affect any dividends over £2,000 (£5,000 in 2017/18).
The standard charge including VAT for a basic tax return is £240. Questionnaires received by 30 September 2020 will receive the full discount on a basic tax return, charged at £85.
If your questionnaire is received between 1 October and 31 December 2020, the fee will be discounted to £120; any returns received after 31 December 2020 will be charged at the full rate of £240.
Please note, more complicated tax returns where additional work or supplements are required, will be subject to additional charges.
Our Cogent deadlines have been set so that we can complete your return in time to meet the HM Revenue & Customs’ (HMRC) online filing deadline of 31 January 2021.
Penalties for late filing of tax returns can be as much as £1,600, even when there is no tax due, so please ensure your tax return is filed on time, whether you ask Cogent to prepare it for you, or you have made other arrangements.
You can request a questionnaire for 2019/20 by emailing tax@cogentaccountants.co.uk
Due to postal delays arising from Coronavirus issues, please send your completed and scanned questionnaire and return it together with any attachments by email only to our Tax Department – tax@cogentaccountants.co.uk
You are required to file a tax return if:
- You have been asked to file one by HMRC
- You have a tax liability for the year (e.g. additional and higher rate tax, student loan in repayments, high income child benefit charge or if you have any income which has not been taxed at source)
- You have a new source of income that needs to be declared.
***PLEASE IGNORE THIS REMINDER IF YOU HAVE ALREADY SENT US YOUR QUESTIONNAIRE***