You can make filing your taxes much easier by avoiding these common self assessment mistakes:
You need a UTR number for your self assessment. It takes weeks to get it, so don't wait until the last minute.
If you're not sure about the deadlines, check our post on the uk tax year dates here.
HMRC allows for many ways to reduce your tax bill.
To benefit, keep a list of all the claimable expenses, declare money you’ve given to charities, and also pension contributions. Most of these can be deducted.
HMRC may ask you to pay this year's bill and also a "payment on account." Your first January payment could be 50% bigger than you think.
If you're self-employed, remember that payments on account are charged at the end of January and the end of July. Read our guide to Payments on Account here.
If you are under the wrong tax code, you could be paying too much tax.
Check our post on what your tax code means and how to find it. If there's a mistake, contact HMRC as soon as possible.
If you have a full-time job besides being self-employed, you need to let HMRC know so you don't pay extra tax.
Ask your employer for a P60 and P11D: this will show you how much you earned and how much tax was paid. You need to record this on the Employment pages of your tax return.
Get your self assessment prepared for you online by certified accountants for £99
Our online tax-bot will go over your tax situation and will make sure you won’t overpay your taxes.
You can talk to one of our tax assistants at any time during the process when you have any questions.
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.
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.
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.
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.
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.
UK company directors are required to file their self assessment annually. TaxScouts handles this through a simple online process.
Long Lets, Airbnb, Capital Gains. TaxScouts will sort out your self assessment and take away the worry of tracking all the recent tax changes.
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.
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.