The UK tax system is complex, with extensive legislation and numerous rules, reliefs, and penalties. This complexity often leads to errors in reporting earnings and expenses, risking fines or overpayment.
To avoid the usual January rush and ensure accurate tax optimisation, we need to start working on your tax return now. This will provide ample time to apply our knowledge and skills to ensure you pay only what is legally due and have time to budget for your liability.
Please review the below carefully and provide the necessary financial information to us by Thursday 31 July 2025.
The diagram above provides you with a timeline for what we need from you, and when, in relation to your filings and payment deadlines in the form of payment on account.
Now check our aide memoire table and please supply us with all the necessary information relevant to your finances. Any information we already hold will be included in your return. This is an indicative, not exhaustive, list of all the items relevant to your tax return. Simply click on the table to access a PDF version of it.
Whilst we always work with the aim of reducing your tax liability no matter how close to the 31 January cut off, the later you provide the necessary information the harder it can be to identify and implement specific strategies.
The content of this post is up to date and relevant as at 14/05/2025.
As per our standard terms and conditions in your engagement letter, please ensure you supply all relevant information for this and all other tax years.
Please be aware that information provided in this website page is subject to regular legal and regulatory change. We recommend that you do not take any information held within our website or guides (eBooks) as a definitive guide to the law on the relevant matter being discussed. We suggest your course of action should be to seek legal or professional advice where necessary rather than relying on the content supplied by the author(s) of this blog.
