Taxation Services

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Call: 01206 842000

We can provide the following taxation services:

At Griffin Chapman, we provide a comprehensive suite of taxation services tailored to meet the diverse needs of individuals, businesses, and organisations.

Our expertise spans across personal tax planning, corporate tax management, and VAT services, as well as support for trusts and executorships. We understand the complexities of the ever-evolving tax landscape and are committed to helping you navigate it with ease and confidence.

Corner Device

Personal Tax Planning

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Self-Assessment

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Trusts & Executorships

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Corporate Tax Planning

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VAT Services

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Tax Investigation Support

Why Griffin Chapman?

Our taxation services remove the complexities and stresses associated with tax compliance. For individuals, we manage personal tax returns, ensuring timely and accurate submissions while navigating evolving tax legislation. Businesses benefit from our thorough approach to corporate and business tax, including managing corporation tax returns and leveraging tax planning strategies to optimise financial outcomes.

We also assist with tax planning for specific needs such as inheritance tax and probate, providing crucial support in managing personal and estate taxes. By proactively addressing tax issues, we help clients make informed decisions and avoid potential pitfalls, enhancing their financial clarity and security.

Whether managing personal tax obligations or complex corporate tax strategies, Griffin Chapman offers personalised, informed, and proactive tax services to support your financial goals.

FAQs

Do I have to make payments on account for my income tax?

Payments on account are advance payments towards your tax bill if your tax liability exceeds a certain amount. Typically, if your tax bill is over £1,000, you may need to make these payments in two instalments: one in January and one in July. If your income or tax situation changes, you may be able to reduce these payments, but it’s best to consult with us to ensure compliance and accuracy.


When are my tax payments due?

Tax payment deadlines vary depending on whether you are an individual or a business. For individuals, tax payments are generally due on January 31st for the previous tax year, with payments on account due on January 31st and July 31st. For businesses, corporation tax is usually due nine months and one day after the end of the accounting period. Specific deadlines can vary, so it’s important to check your situation or consult with us.


Can I reduce my payments on account?

If you believe your tax liability will be lower than the previous year, you can apply to reduce your payments on account. However, if your estimate is too low, you may incur interest on any underpaid tax. We can help you accurately assess your tax liability to avoid penalties.


What are the differences between business tax and personal tax?

Business tax refers to taxes paid by companies, such as corporation tax, VAT, and employer PAYE contributions. Personal tax refers to taxes on an individual’s income, such as income tax, capital gains tax, and inheritance tax. While there is some crossover, especially for business owners, it’s important to differentiate between the two to ensure compliance with all applicable tax laws.


How does my business tax affect my personal tax?

Business tax obligations can impact your personal tax situation, especially if you are a business owner or director. For example, benefits like company cars or employment-related securities can affect your personal tax. It’s essential to consider both business and personal tax implications when planning your finances.


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