Self Assessment tax returns

Who needs to file one

• You work for yourself and earned more than the £1,000 trading allowance
• You let out property, even a single room
• You are a company director with income to declare
• You drive a taxi or private hire vehicle, or deliver through an app
• You work under CIS and have had tax taken off at source
• You sold a property or shares and made a gain
• You or your partner claimed Child Benefit on a higher income

The dates to keep in mind

The tax year ends on 5 April. Paper returns are due by the following 31 October and online returns by 31 January, which is also the date any tax has to be paid. If HMRC asks you for payments on account, the second one falls on 31 July.

Filing late brings an automatic £100 penalty even when no tax is owed, and further penalties and interest follow. Getting the return in early does not mean paying early; it just means you know the figure in good time.

What we do

• Go through your income, records and allowable costs
• Claim the reliefs and allowances you are entitled to
• Show you the numbers before anything is sent
• File with HMRC and confirm it has landed
• Tell you what to pay, when and how

Behind on your returns?

It happens, and it is usually more fixable than people fear. We can bring several years up to date, file what is outstanding and speak to HMRC for you as your registered agent. The sooner it is dealt with, the smaller the penalties tend to be.