Personal Tax Return Service

Personal Tax Returns have to be filed with HMRC by 31 January each year. Tax accountants in Watford can assist you with calculating your taxes and filing your tax return on time.

What is a personal tax return?

Completing a Personal Tax Return, also known as a self-assessment, is a requirement of many individuals in the UK, they can be employed, self-employed or company directors. 


Completing a tax return can be a time-consuming and stressful task, often difficult to fit into your already busy schedule. The self assessment tax return was designed to  report personal earnings for the each tax year. For UK, the tax Year starts on 6 April and ends on 5 April, every year. The tax return must be filed to HMRC by the deadline, which is the 31 January following the end of the tax year. Missing the deadline will result in £100 instant late filing penalty, and further penalties are levied the longer you wait to file.. 

Who needs to file a tax return?

There are many reasons why you may need to complete a tax return, here are some of the common reasons why you may need to file a tax return in the UK:


  • You are a director of a company and are paid remunerations by the company
  • You are self-employed 
  • You are a landlord and have receive rental income
  • You are an employee and you have received some benefits in kind such as private medical insurance, company car which are not taxed through payroll
  • You are a partner in a business or a Limited Liability Partnership
  • You received untaxed income from any source either in the UK or overseas for example lettings income, interest or dividends.
  • You received interest or dividends above the personal saving and dividends allowance
  • You received pension payments 
  • You have made a Capital Gain which is more than the annual exemption. 
  • Your had income of £100,000 or more in the tax year.

Do you need to complete a tax return?

If you are someone who needs to file a tax return or even if you're unsure, you can always check with us. We will be able to assess your current circumstances and advise on your tax filing obligations with HMRC.

How can we help?

If you are someone who is required to file a tax return, whether you're filing a tax return for the first time or you've been filing for years and wants to move to a new accountant, we are more than happy assist you.


We have years of experience in dealing especially with personal tax compliance and preparing a tax return for individuals and businesses, helping many to fulfil their filing obligations through our fair fee tax return service whilst they focus on their daily activities and not worry about falling behind on their tax compliance.


We specialise in preparing personal tax returns for individuals and so we can give you the very best tax advice to help you remain compliant.


Though an indivdual can file thero own tax return using HMRC's online tax return software, which may be a tempting option to go for, as it's free. However, over the years, we have seen many HMRC enquiries made into incorrect tax returns due to not reporting information correctly leading to costly interest and penalties for the individuals. Even cases where tax relief has not been claimed and the individual has ended up missing out on ££££'s in tax relief due to not making the appropriate claim on their tax return.


We have the knowledge and experience in what to look for, so we can avoid costly mistakes occuring on your tax return, claim the appropriate tax reliefs so that you don't miss out and help to reduce the risk of HMRC enquiries and where enquiries arise, the know-how of how to deal with HMRC for the best results.


Our services are carried out 100% online via email, whatsapp or by phone to keep our costs down and in turn allowing us to offer a fair fee service.

How much does it cost?

The fee for our tax return service starts from £120.


A basic tax return without any supplementary page costs £120.

For more complex tax returns, we will need to assess the work involved and provide a quote accordingly.

 

Should you require extra tax services, such as tax advice, tax enquiry responses, or bookkeeping software packages, these are all priced fairly for you.


There are no additional fee or hidden charges and we will clearly set out our fair fee before any work is carried out.

What's next?

Once we have assessed your filing requirement with HMRC and you are happy for us to carry out the work based on our agreed quote, we will then request the information that is required to complete your tax return.


We will complete your tax return and send this to you via our secure portal. This ensures your personal data is protected.


If you are satisfied with the completed return, you can approve your tax return in the portal and we will then subimt your tax return to HMRC online, confirming back to you once this has been done.

Start your tax return or send us your tax questions

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Fair Fee Tax Return - Tax Accountants in Watford

Fuller Road, Watford, Watford, WD24 6QH, United Kingdom

01923 572172