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.
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 as to why you may need to complete a Self-Assessment tax return: You’re self-employed or a freelancer, you have income from multiple sources, you’re a Director of a Company, your Income is Over £100,000, you have income from abroad, you have income from savings or investments, you’ve received income from a trust, you’ve had capital gains, you’ve received certain benefits, you’ve had taxable income above the personal allowance or HMRC requests you to complete one. 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.
Submit your details and we’ll arrange a chat at a time that suits you
