Chalmers and Partners
Chalmers and Partners
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We are here to help you with taxes

We are helping individuals and companies with their tax processes and regulated for a range of advisory activities by Federation of Tax Advisers

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How we can help YOu?

Corporation tax

You must pay Corporation Tax on profits from doing business as a limited company, any foreign company with UK branch or office or a club, co-operative or other unincorporated association, eg a community group or sports club

VAT return

You usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months. This period of time is known as your ‘accounting period.’ The VAT Return records things for the accounting period like: your total sales and purchases, the amount of VAT you owe, the amount of VAT you can reclaim, what your VAT refund from HMRC is. You must submit a VAT Return even if you have no VAT to pay or reclaim

Self assessment

Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax.  Tax is usually deducted automatically from wages, pensions and savings. People and businesses with other income (including COVID-19 grants and support payments) must report it in a tax return.

Capital gains tax

Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. It’s the gain you make that’s taxed, not the amount of money you receive. Some assets are tax-free. You also do not have to pay Capital Gains Tax if all your gains in a year are under your tax-free allowance.

Annual Tax on Enveloped Dwellings (ATED)

ATED is an annual tax payable mainly by companies that own UK residential property valued at more than £500,000.

Inheritance Tax

Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who’s died. The standard Inheritance Tax rate is 40%. It’s only charged on the part of your estate that’s above the threshold.

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Our office based in London

Within 2 minute walk from Kentish Town tube station  

Chalmers and Partners

Hours

Mon

09:00 – 17:00

Tue

09:00 – 17:00

Wed

09:00 – 17:00

Thu

09:00 – 17:00

Fri

09:00 – 17:00

Sat

Closed

Sun

Closed

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