Nanavati & Co

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Financial accountancy

Personal taxation

Corporate taxation

Valued Added Tax

Personal Taxation

The information below is just basic and professional advice should be taken before any action is taken.

Individuals

Generally Individuals have to complete and file a personal tax return with the Inland Revenue by the due date.

If they want the Inland Revenue to calculate the tax , it has to be submitted by 30th September, following the end of the tax year.

The tax returns have to be filed by 31st January following the end of the tax year, otherwise there is an automatic penalty of £100.

We assist individuals to complete their tax returns in order for them to fulfill their responsibilities.

The main income tax rates for 2001/02 are:

* expect dividends (10%) and savings income (20%)

** Expect dividends (32.5%)

The personal allowances for the year 2001/02 are:

Disclaimer: Professional advice must be taken before proceeding on the information provided on this web site.

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