Personal and trust tax planning – Commonly omitted tax return information

When individuals are collating information to complete their Self Assessment tax returns, there are certain aspects that are commonly omitted.

It’s important to ensure you are completing your tax return fully, as HMRC will often pick up on any omitted information, and you could potentially end up paying penalties for late payment of your tax liability and for the submission of an incorrect tax return.

Here are some of the frequently missed areas that you need to be aware of.