Tax Returns

We can prepare tax returns in order to submit to the relevant authorities, at a reasonable costs and with minimum fuss and incovenience to yourself. In order to prepare your tax return we need to submit the return by the end of October if a paper return is needed and the end of January to submit a online return. So for example for the tax year 2022/2023 which runs from the 6th of April 2022 to the 5th of April 2023 returns need to be submitted before the 31st of October 2023 on paper or on the 31st of January 2024 online. 

As a registered tax agent we can act on your behalf to keep your tax return affairs in order. Below is detailed the circumstances under which you may be required to prepare a tax return. From 2018 the fine for not submitting a tax return is £100 regardless of whether or not you have any liability to pay.

Tax returns are necessary to be filed to the HMRC (Her Majesties Revenue and Customs) under certain circumstances, which are detailed below -

• you were self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on)
• you were a partner in a business partnership
• you had a total taxable income of more than £100,000
• you had to pay the High Income Child Benefit Charge

You may also need to send a tax return if you have any untaxed income, such as:

• some COVID-19 grant or support payments
• money from renting out a property
• tips and commission
• income from savings, investments and dividends
• foreign income