Information Typically Required For a Tax Return.

Tax return due? What do I need? When do I need to submit?

We have prepared the following list of items that are typically required by your accountant to calculate tax and complete a personal tax return. Not all items will be relevent.

1. Employment including directorships.

• P60 Certificate of pay and tax deducted or P45s
• P11D from the company, showing all taxable benefits
• A list of deductible expenses, membership subscriptions, travelling expenses

2. Copies of spreadsheets/accounting books and VAT Returns to the business financial year-end (sole traders and partnerships).

• Copy of your bookkeeping ledger, cash book and/or original receipts and invoices
• Copy of your spreadsheet or software backup
• Complete bank statements covering the entire year – ideally a CSV download from your
online bank account, include credit card statements and loan statements
• Details of amounts owed to you by customers at the end of your year
• Details of the amount you owe to suppliers at the end of your year (copies of year-end supplier statements)
• Detail of any new vehicles, equipment, loans or finance agreements

3. Pensions and state benefits received in the tax year

• P60s or other certificates for pensions
• P45 or other document showing taxable social security benefits received
• State pension notification is given at beginning of tax year

4. Child Benefit received (inc number of children) if individual adjusted net income is over £50,000 and you are the higher earner.

5. Interest received in a tax year, state gross or net and name of the bank or building society.

6. Dividends received in the tax year. State number and name of shares. Enclose a copy of vouchers if in doubt.

7. Charitable and business gift aid Gifts in the tax year of money or shares, amount and date of payment, the name of the donee. Distinguish one-offs from regular annual giving.

8. Property rental income and expenses for the tax year with mortgage interest costs.

9. Pension contributions paid by you (not your employer) in the tax year and not deducted from taxable pay.

10. Capital Gains – If total gains are less than £12,300 (22/23) or £6,000 (23/24) no details are needed unless to establish a capital loss.

11. Details of any repayable student loan(s).

Failure to submit a tax return on time could lead to HMRC issuing financial penalties, interest, and surcharges on tax unpaid, as well as an increased likelihood of tax compliance checks by HMRC.

For assistance on calculating tax, completion, and submission of the tax return, please contact us for a fixed quote.

Mark GrovesMark Groves
13:46 10 Mar 24
Fantastic support in guiding me through a complex situation! Rob was brilliant in detailing each section of the process and took our concern and resolved it professionally. The advice was really clear and I can highly recommend Rob and the team.
Jesmini GathaniJesmini Gathani
09:47 29 Feb 24
Mollan & Co. have been the accountants for my family for over four decades starting with Peter Mollan and now Rob Mollan. We have received exceptional service and support throughout the years on various matters. The team are always professional, friendly, and approachable. I would not hesitate in recommending the firm to others.
Stephen BeamanStephen Beaman
16:54 08 Feb 24
I've been using Mollan & Co Accountants Ltd now for about 12 years after being recommended to me by another another company in the York area and never looked back.Absolutely brilliant service. Lovely staff, very helpful and very friendly.
Jane StangerJane Stanger
13:38 23 Jan 24
We can highly recommend Mollan & Co Accountants. All the staff are very friendly and approachable, but still very professional. Their modern way of working with new technology has been so easy to use, even for us older ones who aren't very techy. We are very glad we made to change to them, and would like to thank them all for their help in the move from our old accountants.
Sarah LearSarah Lear
16:34 08 Jan 24
Craig HumbleCraig Humble
11:01 18 Aug 23
Mollan & Co Accountants have supported our contemporary art gallery business since the beginning in 2017 for all things accountancy and compliance. They are very efficient but personable also. Charlotte is our main day to day account manager and while always helpful is particularly brilliant at making the twisty road of accounts comprehendible and manageable for non-specialists. This creates the time for us to focus on our main interest of representing artists and collectors alike.
Gemma DodsworthGemma Dodsworth
19:11 17 Aug 23
We have used Mollans for over 6 years very happy with the service we recieve nothing is too much trouble and they take the stress out of our accounts.
Helen CockerhamHelen Cockerham
13:53 14 Aug 23
Would recommend Mollan & Co to anyone looking for their financial work. Everyone is so professional...they certainly know their stuff! Everyone has always gone above and beyond to give sound helpful advice-and all done efficiently're kept up to date and given all the information you need as soon as practical. Overall a great company-Claire and Yvette-a special 'shout out' to you. You're both stars!
Miles PoteMiles Pote
13:28 28 Jun 23
Mollan & Co have been absolutely fantastic, we are in the midst of opening a new Ltd company with quite a few complicated hurdles; however one thing that has not been difficult is the accounting. Their support and advise have been invaluable to us and having transferred over to them from another accountancy firm I can honestly say they are a breath of fresh air. I couldnt recommend them enough. Thank you Team Mollan & Co!
Neil NicholsonNeil Nicholson
10:40 25 Jun 23
Used Mollan & Co Accountants for many years starting with Peter Mollan and then his son Rob Mollan. Always really pleased with the service and advice provided. Friendly, approachable people providing professional support.Many thanks to Peter, Rob and the Mollan team! Kind Regards Neil & Caroline
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