We specialise in getting your
personal tax return
done quickly and cost effectively. This will leave you with time to do the things you want to do. With the personal tax return service you can make sure your self assessment tax return
is done on time and done by a professional. We pride ourselves in providing a professional tax return
with no hidden surprises. The only thing you need to do is make sure you provide the right information for us to make sure your tax return is done properly. Your Personal Tax Return is important and should submitted by the deadline in order to make sure you don’t get a fine. Fines for not submitting your personal tax return can be quite hefty. So in order to get yourself on the good side of the tax man, call us now to get your personal or self assessment tax return done quickly. Who is required to complete a tax return?, You are required to complete a Self Assessment Tax Return if: You are a higher rate tax payer and earn more than £43,875. You have received investment income E.g. Dividends or Capital Gains You are Self Employed, You have earned any income under the Construction Industry Scheme – CIS, You have received rental income from any property that you own, You are a minister of state, You have received any other money that has not had tax deducted before you received it What happens if I don’t complete one? If HMRC issue a Self Assessment Tax Return to you and you fail to complete it before the due date, HMRC will automatically issue you with a £100 penalty. HMRC will also charge you interest on any tax that you owe. Further to this, HMRC will issue you with a 5% surcharge on the outstanding penalties, tax you owe and interest. Do I have to complete one every year? You are only required to complete a Self Assessment tax return if HMRC issue one to you after 5 April. They will issue one to you if you meet one or more of the criteria above. What are the due dates? 31 October: Paper Returns If you send in a paper tax return, it must reach HMRC by midnight on 31 October. 31 January: Online Returns If you send your tax return online, it must reach HMRC by midnight on 31 January. Do I have to use an accountant? No. You do not have to use a tax agent or accountant to submit your tax return. However, you may be paying unnecessary tax if you do and it is recommended that you seek the help of an accountant.