Accountants for Tax Returns
If you require a self-assessment tax return due to income that hasn't been taxed at source or capital gains that need to be declared, then we can help you.
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Do I need to submit a tax return?
If you earned income in a particular UK tax year (6th April – 5th April) that has not already been subject to tax at source, then you will most likely have to declare and submit it via a self-assessment tax return. We’ve included a list of examples on the right, if one or more of these applies to you, then you may need to submit a self assessment tax return.
You can absolutely file your self-assessment return yourself. We’ve even created a helpful series of videos to help you do so. However, if you don’t have the time or feel like you may need help, then using an accountant is a simple and stress-free solution.
Who needs to submit a tax return?
- Landlords with buy-to-let income
- Company directors who are paid via dividends
- People who earn over £100,000 per annum
- People who have made a capital gain or loss
- CIS contractors
- Investors
- If you've been notified by HMRC that you need to complete one.
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FAQ's on Accountants Tax Returns
In the UK, the tax year spans from the 6th April to the 5th April, every year.
If you are required to complete a self assessment tax return, then you this must be done by the 31st January following the tax year.
Follow this link for more information about dates and deadlines.
Obtaining the correct tax code from HMRC is important. This is normally done automatically by HMRC but sometimes errors in your tax code can be made. A wrong tax code can result in over payments of tax.
Your tax code is an integral part of your accountant tax returns.
Your UTR (Unique Tax Reference) is obtained once you register for self-assessment tax returns.
The UTR is required to complete and submit your tax return and you will not be able to submit a tax return without one.
The deadline for submitting your tax return is midnight on the 31st January, if you miss this deadline you will be faced with penalties.
If you complete your return within 3 months, it’s a flat fee of £100.
If it takes you longer than 3 months to complete and submit your return, then you could be facing penalties of up to £900 and eventually a percentage of the tax owed.
Follow this link to find out more about late tax return penalties.
Absolutely.
The system is designed so you can complete and file yourself provided you have the time and resources to do so.
Follow this link for more information on how to do this.
The advantages of an accountant tax return service are:
- Your tax return is done by an expert qualified accountant
- You have a better chance of claiming various reliefs and allowances.
- 100% guaranteed to be error free.
- You get valuable advice as and when you need it.
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