Self Assessment doesn’t need to be painful.
10% discount for Airbnb users.
As an Airbnb host, you’ve got more important things to think about than your taxes. So let us do them for you.
We are offering Airbnb hosts a 10% discount on your first TaxScouts tax return or tax consultation.
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.
Book a tax advice consultation for 1-1 professional support by phone or video call.
10% discount for Airbnb hosts.
£119 £107, 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.
Did you know that there are a number of things that your TaxScouts accountant can help you expense on your tax return?
This depends on how much money you make through Airbnb.
As long as you also live there, you can actually claim the first £7,500 as a flat tax relief.
It’s called the Rent-a-Room Scheme, and it’s one of the best tax reliefs landlords can get.
If you earn under £7,500 from rent, you don’t even need to declare it or submit a Self Assessment tax return.
Again, the only condition is that you also live at the property.
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.
Anything can be claimed as long as it relates directly to renting or maintaining the property:
Three important things to keep in mind:
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 £100,000 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.
There are many tax-free allowances in the UK:
There are also a few tax-free allowances you can claim instead of expenses:
HMRC has over 130 phone lines, but most of them are not relevant for everyday taxpayers.
These are the most important ones:
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.