This may be the most tax efficient option, which although incurs extra costs due to the statutory requirements of a limited company, these are kept to a minimum and if this option is right for you, the tax savings will more than outweigh the extra costs.

We therefore offer you the following services, all for a set price of £600pa (plus VAT) payable by monthly standing order (ie £58.75 pcm at 17.5%VAT):

• Preparation of the company’s financial accounts;
• Prepare the company’s corporation tax return and calculate any corporation tax liabilities due;
• Prepare your individual personal tax return and calculate any tax liabilities due;
• Liaise with HMRC with the submission of your person tax return, the company’s tax return and any liabilities due;
• Run the annual payroll scheme to process your salary from the company and liaise with HMRC with the annual submission;
• Guidance in maintaining your accounting records which includes a template for you to record your costs & expenses;
• All year support to assist you in any issues that may arise in the above matters;

Under the self-employed basis, the emphasis is on you to deal with your tax responsibilities. We therefore offer you the following services to assist you with your obligations, all for a set price of £400pa (plus VAT) payable by monthly standing order (ie £39.17 pcm at 17.5% VAT):

• Preparation of your accounts;
• Preparation of your personal tax return and calculate any tax liabilities due;
• Liaise with HMRC with the submission of your tax return and regarding the liabilities payable.
• Guidance in maintaining your accounting records which includes a template for you to record your costs & expenses;
• All year support to assist you in any issues that may arise in the above matters;

If you are employed directly by the vetinary surgery your tax and NI should be taken care of by the employer, however if you have had several different employments during the year, the tax codes that may have been used may not have been correct (your employer may have used an emergency code rather than the code that relates specifically to you) so you may have over paid tax. We can review your position and if there is a correction to be made, we can liaise with HMRC to ensure that it is corrected and any overpayment refunded.

We can review the tax that you have paid over the year, an initial payroll check would cost only £50 and where it has been identified that the tax paid is incorrect and you wish us to liaise with HMRC on your behalf, we will charge only £50 extra. All prices are excluding VAT.
 

• If you do not currently operate through a limited company, we offer a start-up service which sets-up your limited company for you and provides you with the relevant statutory documents. For this we will charge £75 (plus VAT) which includes the incorporation fee that Companies House charges for new companies;
   

• There is a legal requirement that companies submit an annual return to Companies House. Companies House charges a £15 filing fee (when submitted on-line), but should you wish us to complete this for you we will charge £50 (plus VAT) which includes the filing fee.