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Tax – DMO Consultancy and Accounting Services

Tax

At DMO Accountancy we are Practising Tax experts and member, fully compliance with regulatory statutory.

At DMO Accountancy we are Practising Tax experts and member, fully compliance with regulatory statutory.  We advice in relation to tax procedures and issues. From personal advice on self-assessment tax returns to Individual & corporate Taxes. We help in the following Tax setup and advises

 

Value Added Tax (VAT)
VAT is the tax levied on goods and services at the standard rate, reduced rate or zero rate and does not include exempt goods and services.
This classification includes the preparation of VAT returns, dealing with HMRC on behalf of a client, advising what VAT rate should be applied to the goods or services of the business.
A member practising in this area of work can be expected to provide their client with:
• an explanation of the principles of VAT
• calculations of the VAT to be paid to, or receivable from, HMRC
• advice on VAT planning.

Tax and Self Assessment 
We help with your   Self assessment tax and filing online and paper year-end  accounts, and also  knowledge and practical guidance to get you through the process smoothly.

 

Personal Income Tax (PT)
Personal Income Tax is the calculation of an individual’s personal Income Tax liability taking into account relevant prevailing legislation and the taxpayer’s income arising from all sources including:
• business
• earned
• savings and investments.
This classification includes the completion of all relevant HMRC returns and will include the calculation of tax credits unless otherwise specified in the letters of engagement.
A member practising in this area of work can be expected to provide their client with:
• an explanation of the principles of Income Tax
• calculations of their Income Tax due or repayable
• advice on the mitigation of Income Tax.
Business Income Tax (BT)
Business Income Tax is the tax liability on the profits/losses of a business, operated either by a sole trader or by partners under Income Tax legislation, as distinct from Corporation Tax.
This classification includes the completion of all relevant HMRC returns.
A member practising in this area of work can be expected to provide their client with:
• an explanation of the principles of Business Income Tax
• calculations of the Business Income Tax due
• advice on Business Tax planning.
Corporation Tax (CT)
Corporation Tax is the tax liability arising on the taxable profits of an incorporated business under the prevailing corporate tax legislation.
This classification includes the completion of all relevant HMRC returns.
A member practising in this area of work can be expected to provide their clients with:
• an explanation of the principles of Corporation Tax
• the calculations of the Corporation Tax due
• advice on Corporation Tax planning.
Capital Gains Tax (CGT)
Capital Gains Tax is the tax liability arising on the chargeable gains made by a taxpayer, their business(s) or a corporate entity.
This classification includes the completion of all relevant HMRC returns.
A member practising in this area of work can be expected to provide their clients with:
• an explanation of the principles of Capital Gains Tax
• calculations of the Capital Gains Tax due
• advice on Capital Gains Tax planning.
Inheritance Tax (IHT)
Inheritance Tax is the tax payable either on the advent of a person’s death, or at the time of making a chargeable lifetime transfer.
This classification includes the completion of all relevant HMRC returns.
A member practising in this area of work can expect to provide their client with:
• An explanation of the principles of Inheritance Tax
• calculations of the Inheritance Tax due
• Advice on Inheritance Tax planning.