Personal Tax

Tax Returns and Self-Assessment Service With all the complex HM Revenue and Customs (HMRC) tax requirements and regulations that exist, it is important that you receive specialist advice so that you complete and return your Personal Tax Return and Self-Assessment on-time every time.

Personal Tax Returns HMRC collects income tax automatically from wages, pensions and savings. However, if you have other income then you must report it in the form of a Self-Assessment Tax Return.

Deadlines for paying your tax bill This must be filled out online or in paper form for the previous financial ending on the 5 April. The deadline for online tax returns is the 31 January and you will need to pay your bill by this date as well. The amount of Income tax that you will pay is dependent on the Income Tax band that you fall into.

Who needs to file a Self-Assessment You will need to file a tax return if you fall into one of these categories:

  • You are self-employed or in a partnership
  • You received income from letting land or property
  • You have untaxed income or savings
  • Your savings or investment income is sizeable
  • You made profits from selling assets and need to pay Capital Gains Tax
  • You are a company director
  • You and your partners’ income was over £50,000 and claimed Child Benefit
  • You received income from abroad
  • You lived and worked abroad