If you are employed then your income from that employment will be taxed under pay as you earn (P.A.Y.E.) and generally no further action is necessary. However, there are exceptions and we will be pleased to offer advice in these cases.

The most common areas are as follows:

• Additional sources of income, e.g. bank interest and dividends where tax is deducted at source at basic rate, but a higher rate may be due.

• Additional income which is received gross, e.g. foreign investments.

• Disposals of assets which give rise to potential capital gains tax, e.g. the sale or gift of shares, property.

• Claims for business expenses and business mileage.

• Inheritance tax planning.