 |
We are members of the ACCA and the SPA
|
 |
 |
 |
 |
 |
 |
Tax Returns
Each one of us - with the exception of employees with no other taxable income - has to file an annual Income Tax Return with the Inland Revenue.
Many of us find these tax returns confusing and complicated. It is estimated that some 10% of all income tax assessments issued by the Inland Revenue are incorrect - invariably in favour of the Inland Revenue. Nevertheless, there are automatic penalties for submitting Returns late and for errors made by the tax payer.
With the introduction of Self-Assessment more and more taxpayers are turning to tax professionals for help in dealing with their tax affairs and with the Inland Revenue. For many people, the personal finances are inextricably linked to their business affairs.
