End of Year
Tax Returns

As the financial year draws to a close, ensuring your tax returns are accurate and submitted on time is essential to avoid penalties and stay compliant with HMRC regulations. At W. Wilson Millar, we provide comprehensive end of year tax return services for businesses and individuals in Prestwick, Ayrshire, helping you manage this crucial aspect of your financial responsibilities.

What Are End of Year Tax Returns?

Self-Assessment Tax Returns: For self-employed individuals, landlords, or those with additional income outside PAYE, a self-assessment tax return is required to report earnings and calculate tax liabilities.
Corporation Tax Returns (CT600): Limited companies must file a corporation tax return to report their taxable profits and the amount of corporation tax owed to HMRC.
Partnership Tax Returns: Partnerships must submit a tax return that details business income and expenses, with each partner reporting their share of the profits on their personal tax return.
VAT Returns: VAT-registered businesses need to submit VAT returns, detailing the VAT charged on sales and the VAT paid on purchases.

Key Deadlines for End of Year Tax Returns

5th April: End of the tax year for most individuals and businesses.
31st January: Deadline for online self-assessment tax returns and payment of any tax owed.
9 Months After Company Year-End: Deadline for filing corporation tax returns with HMRC.
1 Month and 7 Days After VAT Quarter-End: Deadline for submitting VAT returns and making any payments due.

Our End of Year Tax Return Services

Accurate Tax Calculations: We ensure that all income, expenses, and deductions are accurately reported to optimise your tax position.
Timely Submissions: We manage the submission of your tax returns, ensuring compliance with all deadlines to avoid penalties.
Personalised Tax Advice: Our team offers expert advice tailored to your unique financial situation, helping you take advantage of any available tax reliefs.
Representation with HMRC: We handle communications with HMRC on your behalf, providing peace of mind and professional representation.

Benefits of Choosing W. Wilson Millar

Compliance and Accuracy: We guarantee that your tax returns meet all HMRC regulations, reducing the risk of errors and potential fines.
Stress-Free Process: Our experienced team manages every aspect of your end of year tax returns, so you can focus on running your business.
Maximised Tax Efficiency: We ensure you benefit from all applicable tax reliefs, helping to reduce your tax liability where possible.

For professional and reliable end of year tax return services in Prestwick, Ayrshire, contact W. Wilson Millar today. Our dedicated team is here to make your tax season as seamless and stress-free as possible.