Personal Finance: A guide to the tax web

TAXPAYERS covered by self-assessment, mainly the self-employed, or those with several sources of investment income, have until the end of this month to send in their returns if they want the Revenue to work out their tax.

The ultimate deadline for returns from the 1997-98 tax year is 31 January, but leaving it until then means calculating the tax due and sending the money with the return. There are heavy penalties for mistakes.

Tax return service The Tax Team has launched a web site that aims to help taxpayers with self-assessment. It gives on-line quotes for The Tax Team's fixed-fee service.

Employed taxpayers click on a series of options about their tax affairs, including whether they have a company car or other benefits, investment income, income from property or from overseas. The web site then determines whether they will need the basic, standard or premium service - or a tailored solution. For most people the standard service at pounds 175 (including VAT) should be enough.

For the self-employed, there is no questionnaire as The Tax Team bases its fees on turnover, at pounds 300 to pounds 500, plus VAT.

If you want to fill in your own return, the web site gives some help and information for free. The company produces a series of tax fact sheets that can be ordered free from the site and arrive through the normal post.

There are also on-line tax tips for the tax return. Here, advisers point out areas on the form that trip up taxpayers, or might attract unwelcome Revenue attention.

The Inland Revenue itself has its own highly developed, and useful self- assessment web pages. The site starts with a cute animated graphic of Hector the Inspector, the character behind the Revenue's self-assessment publicity. Behind the cartoon pictures, there is practically all the official information that anyone would need on self-assessment, including the forms themselves and all the supplementary pages.

This is quite a long list. Visitors to the site can download the forms and guides, and print them out, as long as they have Adobe Acrobat document reader software. This is also available from the site.

Other features of the Revenue site - organised into dog-eared manila folders in a government issue grey filing cabinet - include a step-by- step guide to tackling the tax return, and a timetable with all the key dates for self-assessment.

The Revenue publishes a list of common mistakes to avoid, such as not completing all the boxes and not signing the form.

The Revenue maintains that self-assessment need not be difficult if you are organised and file papers throughout the year. To that end the web pages include a guide on record keeping, explaining the papers taxpayers need to keep, and for how long.

Contacts: Inland Revenue,; Tax Team,

Jacqueline Bisset has claimed that young women today are obsessed with being 'hot', rather than 'charming', 'romantic' or 'beautiful'
Arts and Entertainment
Ben Affleck stars as prime suspect Nick Dunne in the film adaptation of Gone Girl
filmBen Affleck and Rosamund Pike excel in David Fincher's film, says Geoffrey Macnab
Arts and Entertainment
Lena Dunham
booksLena Dunham's memoirs - written at the age of 28 - are honest to the point of making you squirm
Frank Lampard and his non-celebration
premier leagueManchester City vs Chelsea match report from the Etihad Stadium
Arts and Entertainment
A bit rich: Maggie Smith in Downton Abbey
tvSeries 5 opening episode attracts lowest ratings since drama began
Life and Style
A new app has been launched that enables people to have a cuddle from a stranger
techNew app offers 'PG alternative' to dating services like Tinder
Greg Dyke insists he will not resign as Football Association chairman after receiving a watch worth more than £16,000 but has called for an end to the culture of gifts being given to football officials
Arts and Entertainment
Jake Quickenden sings his heart out in his second audition
tvX Factor: How did the Jakes - and Charlie Martinez - fare?
premier league
ebooksAn unforgettable anthology of contemporary reportage
Arts and Entertainment
Rachel, Chandler and Ross try to get Ross's sofa up the stairs in the famous 'Pivot!' scene
Arts and Entertainment
'New Tricks' star Dennis Waterman is departing from the show after he completes filming on two more episodes
tvOnly remaining original cast-member to leave crime series
Mario Balotelli celebrates his first Liverpool goal
premier leagueLiverpool striker expressed his opinion about the 5-3 thriller with Leicester - then this happened
Arts and Entertainment
Female fans want more explicit male sex in Game of Thrones, George R R Martin says
tvSpoiler warning: Star of George RR Martin's hit series says viewers have 'not seen the last' of him/her
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Senior BA - Motor and Home Insurance

£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...

Market Risk & Control Manager

Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...

SQL Developer - Watford/NW London - £320 - £330 p/d - 6 months

£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...

Head of Audit

To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...

Day In a Page

A roller-coaster tale from the 'voice of a generation'

Not That Kind of Girl:

A roller-coaster tale from 'voice of a generation' Lena Dunham
London is not bedlam or a cradle of vice. In fact it, as much as anywhere, deserves independence

London is not bedlam or a cradle of vice

In fact it, as much as anywhere, deserves independence
Vivienne Westwood 'didn’t want' relationship with Malcolm McLaren

Vivienne Westwood 'didn’t want' relationship with McLaren

Designer 'felt pressured' into going out with Sex Pistols manager
Jourdan Dunn: Model mother

Model mother

Jordan Dunn became one of the best-paid models in the world
Apple still coolest brand – despite U2 PR disaster

Apple still the coolest brand

Despite PR disaster of free U2 album
Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments