HMRC uses your Self Assessment tax return to calculate your tax liabilities each year. This includes any amounts you have overpaid, and therefore whether a rebate is due, and any amounts you have underpaid.
They will calculate your total income using the information submitted in your Self Assessment tax return.
With CloudAccountant.co.uk, you can alleviate the pressure of completing your tax return. Our user-friendly online system and assistance from professional accountants allow us to take care of your Self Assessment for you.
No matter your individual needs, there are some basics that are guaranteed across the board, designed to ensure you’re getting the best service possible.
If you’re a shareholder of a limited company and receive dividends, you may need to complete a Self Assessment to declare this income and pay any tax due. This ensures all earnings outside of PAYE are reported correctly to HMRC.
If you’re self-employed, you must complete a Self Assessment to report your income and expenses, calculate profits, and pay the correct amount of Income Tax and National Insurance to HMRC.
If you’re a partner in a business partnership, you need to complete a Self Assessment to declare your share of the partnership’s profits or losses and pay the appropriate tax and National Insurance.
If you’re employed and earn over £150,000 a year, you’re required to complete a Self Assessment to declare your income and ensure the correct amount of tax is paid to HMRC.
If you receive income from renting out property, you must complete a Self Assessment to declare this income, deduct allowable expenses, and pay any tax due on your rental profits.
If you earn income that hasn’t been taxed at source – such as freelance work, side jobs, or investment earnings – you’ll need to complete a Self Assessment to declare this income and pay the correct tax to HMRC.
If you’ve sold assets such as additional properties, shares, or cryptocurrency in the tax year, you must complete a Self Assessment to declare any gains and pay Capital Gains Tax where applicable.
If you’re eligible for certain tax reliefs, such as pension contributions or charitable donations, you’ll need to complete a Self Assessment to claim them and reduce the amount of tax you pay.
Submit your details and we’ll arrange a chat at a time that suits you. If you’re an Umbrella.co.uk customer or benefit from Umbrella Rewards Pro, you qualify for a discount!
Completing your Self Assessment tax return through us is super simple and delivers at speed.
Complete our online questionnaire to provide our accountants with all the information they need.
We will ensure all your numbers match, so you know exactly what tax you owe or any refunds you’re due.
Once you’ve approved your Self Assessment, we will submit your return with HMRC on your behalf.
There are various reasons why you might need to complete a Self Assessment Tax Return:
You can use the Gov tool to check as well: Check if you need to send a Self Assessment tax return – GOV.UK.
You’ll get a penalty if you need to send a tax return and you miss the deadline for submitting it (Self Assessment tax returns: Penalties – GOV.UK.) You may be charged £100 if your tax return is a day after the deadline, this penalty increases after 3 months, 6 months and 12 months late.
HMRC do accept some reasonable excuses for filing late: the recent death of a partner, an unexpected hospital stay, computer failures, service issues with the tax authority’s online services, a fire that prevented you from completing a tax return, or caused postal delays. Each case will be considered individually. It’s always best to file your return in plenty of time before the deadline if possible.
Typically, we need to know your income throughout the year, and your P45/P60. We also require personal details such as address, NI number and self-assessment UTR number.
The cost of our Self Assessment service depends on the time of year you are filing. It also depends on your type of work (e.g. if you’re a sole trader, etc.)
Depends on when in the tax year they are filing. Depends on what you do for work (if you’re a sole trader etc). Get in touch with our team by either emailing info@cloudaccountant.co.uk or calling 01625 546 232 and we’ll be happy to chat and provide a no-obligation quote.
