Income Tax Calculator 2016-2017 View other calculators

Quickly calculate how much tax you need to pay.

Looking for help with a tax return?
Certified accountants, filed online, only £119
Your annual income
£
Business expenses
£
Select tax year

Your income

£0
£49,000.00

Income tax & tax brackets

Tax free
Taxed at 20%
£7,300.00
Gross income
£49,000.00
Taxable income
£36,500.00
NI contributions
£3,786.64
Total income tax
£7,300.00

How your income tax is calculated

As a self-employed you have to pay your income tax and national insurance contributions yourself during your annual self assessment. Our calculator helps you quickly assess how much payment is due.

However you may be eligible for a tax refund when:

  1. You already made tax payments for the year but your annual income ended up smaller than planned
  2. You have done things that qualify for tax relief (made private pension contributions, give to charity, etc)

In your case when you earn £49,000.00:

Income tax breakdown

You pay no income tax on first £12,500.00 that you make

You pay £7,300.00 at basic income tax rate (20%) on the next £36,500.00

Need help with your tax return?

Get your self assessment prepared for you online by certified accountants for £119

Online self assessment preparation assisted by professional accountants

How TaxScouts works

Simple online tax assessment

1. Simple online tax assessment

Our online tax-bot will go over your tax situation and will make sure you won’t overpay your taxes.

Chat to human advisors

2. Chat to human advisors

You can talk to one of our tax assistants at any time during the process when you have any questions.

We’ll sort your documents online

3. We’ll sort your documents online

We’ll tell you exactly what documents you need and sort them for you online. You just upload them or snap a picture with your phone.

Everything gets prepared for you

4. Everything gets prepared for you

Your certified accountant will go over your details & prepare your tax return for you to review. It will be filed on your behalf once you approve it.

"A quick and reliable service"
My self assessment tax return completed within 2-3 days. I'll definitely be using TaxScouts again and recommend to family and friends.
Munim
"I will not shut up about you guys!"
Tax return filed within 24h... No forever back and forth emails. I am totally in love and recommending you to everyone. Fact!
Emilie
"I was very sceptical hitting the pay…"
…but my accountant did absolutely everything and took all of the hassle out of doing a tax return.
Wesley Thompson

Who our service is for

First time tax filers

We have a simple online service that guides you through the entire process. Regardless of your reasons for doing your tax return we'll help you get it done right.

Construction workers

We'll prepare your self assessment and help to maximise your CIS tax refund. We have the lowest fees in the industry and you don't have to pay up front if you're eligible for a refund.

People living overseas

Our service allows people living abroad to prepare their income tax return online. We are able to process all returns regardless of your current country of residence.

Company directors

UK company directors are required to file their self assessment annually. TaxScouts handles this through a simple online process.

Landlords

Long Lets, Airbnb, Capital Gains. TaxScouts will sort out your self assessment and take away the worry of tracking all the recent tax changes.

Self-employed

TaxScouts ensures the self employed don't overpay on their taxes. We'll help you benefit from all the tax breaks and deductions that can be applied to your return.

And for everyone else who needs to do their self assessment

At TaxScouts we appreciate that tax returns are highly individual. Before you get assigned an accountant we make sure to understand your circumstances and help you build your optimal tax profile.





Let's start by creating your account

What happens next

  • We'll ask you a couple of short questions
  • Then we'll tell you what documents we need
  • Finally one of our qualified accountants will file your tax return