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How to Avoid Self Assessment Errors

Tax is a complicated and stressful thing to deal with, it’s no wonder then that three-quarters of us pay too much tax every year.

The great majority of self-assessment errors are basic. Here’s the list of most common errors:
• Failing to sign the form. It’s your responsibility
• Failing to tick all the mandatory boxes
• Failing to provide complete information about any repayment due to you
• Failing to tick your choice of repayment. You can opt to have repayments sent by cheque or repaid through PAYE (if you’re an employee). And if you’re feeling generous, you can have a refund sent directly to a charity
• Failing to tell the taxman where any repayment should go. You have to remember to put in details such as bank account numbers
• Failing to tell the tax authorities to whom any repayment is to go
• Failing to complete or to attach all the supplementary pages
• Entering weekly or monthly amounts in an annual box. This applies especially to pension payments
• Recording the capital in your savings account as well as the interest in the interest box on the form
• Entering non-taxable state benefits as taxable and vice-versa
• Failing to enter state pension
• Entering pension contributions incorrectly
• Failing to enter tax-deductible contributions to trade union and friendly society sickness and funeral plans. You cannot claim for standard trade union membership fees
• Failing to enter gifts to charities
• Failing to include miscellaneous taxable income

For help with your self assessment form contact Sarah Nickols on 02476 554310 or Jan Hornby on 0121 711 2468.

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