Self Assessment doesn’t need to be painful.
10% discount for Wenta users.
TaxScouts are on a mission to make sorting your UK taxes effortless and affordable. And we’re here to help Wenta users too!
We are offering Wenta users a 10% discount* on your first TaxScouts tax return or tax consultation (or the bundle of the two).
*Offer valid until end of August 2022
And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start preparing your tax return.
That’s right, you’ll be matched with a real accredited accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.
Once you’ve signed off your return, your TaxScouts accountant will submit your return with HMRC for you.
We also offer one-off tax advice from an accredited accountant. Want to be more tax-efficient? Need to get your head around your tax situation? We can help. Â
Book a tax advice consultation for 1-1 professional support by phone or video call.Â
10% discount for Wenta users. ÂŁ119 ÂŁ107, all in. Learn more
Filling out your annual return needn’t be taxing. This start-up aims to take the pain out of many people’s biggest headache.
The Times
You’re not alone. If you’ve got a question about tax we’ve probably heard it before and have an answer, or we can walk you through what to do.
Yes.
For example: you works as a restaurant waiter in the morning and drive an Uber in the evenings. You will have to file a tax return for your Uber income.
The documents we require depend on why you need to do a Self Assessment.
If your only reason to file one is because you’ve gone over the ÂŁ150,000 earnings threshold, and your only source of income is employment (PAYE), then we only need a P60 (sometimes a P45 as well), and any P11D forms you might have received from your employer.
However, if you already have an HMRC Online Services account, we can simply connect to it and simply pull your information from there. And, in case you’re wondering, we’re authorised by HMRC to do this.
For any other reasons to do a Self Assessment, we have a longer list of documents here.
No.
You only pay National Insurance for your:
For anything else, like dividends, savings interest, foreign income, etc., you don’t need to pay National Insurance, only Income Tax.
Of course, if you wish to qualify for or increase your State Pension, you can always make voluntary National Insurance contributions.
It really depends.
Basically, the Real Time CGT return asks you to estimate how much your income will be for the year. If nothing significant changes and you don’t go over/under ÂŁ50,000 a year (there are different CGT rates if you earn less or more than this), then you don’t need to do a Self Assessment.
However, if you lose a job or get a significant promotion, you might need to file a Self Assessment as well – by January 31st of the second year.
Don’t worry. The most important thing to do is speak to HMRC as soon as you can.
Find out if you owe any penalties with our late penalties calculator.
Two ways:
In either case, you’ll need to provide a “reasonable excuse”.
You must appeal within 30 days unless you have a serious reason for appealing late.
There are many tax-free allowances in the UK:
There are also a few tax-free allowances you can claim instead of expenses:
You can see a full list of tax-free allowances here
Your UTR number is a Unique Taxpayer Reference that you get when you register for Self Assessment.
It consists of 10 digits (sometimes with a letter K at the end) and is issued to you by HMRC.
Check out our guide to getting a UTR.