First-time filers, you’re not alone! We’ll take over the boring and complicated tax bits so you don’t need to struggle with jargon or waste precious time.
Here are some common questions we’ve gotten from first-time filers like you.
If you’re earning any untaxed income over £1,000, you’ll need to file a tax return to report it to HMRC.
That doesn’t necessarily mean that you’ll owe tax. You’ll need to pay Income Tax and National Insurance if you earn more than £12,570 during a single tax year.
If you’re earning capital gains over £6,000 you’ll owe Capital Gains Tax.
Read more here.
Most people in the UK don’t need to file a tax return because they’re taxed through a system called PAYE and only receive their income after tax.
But, in other situations and for a variety of reasons, you might need to file a Self Assessment tax return.
Some instances include:
And more! Get all the details on who needs to file.
It’s when HMRC split your tax bill into two payments – one due on 31st January and the second due on 31st July.
You probably owe Payment on Account if:
Simply, it’s when a person or business lawfully pays the least in tax that they need to.
It’s not the same as tax evasion, which is illegal.
Learn more here.
Using us to sort your taxes is easy and straightforward.
Firstly, if you’ve already got an accountant, you’ll need to switch accountants over to TaxScouts.
If you didn’t have an accountant before, all you need to do is log into your TaxScouts account and follow the steps!
If you ever need help, you can contact the support team through the live chat or email them at [email protected].
Get expert tax advice from an accredited accountant, no matter how complicated! Only £119, all in.
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Get the best of both services and bundle them for a discount – just £229, all in! Make the most of your income with the help of professionals.
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Regulated by the major UK accounting bodies
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At TaxScouts, we have three services: your tax return filed, one-off tax advice consultations and a dedicated, pay-as-you-go tax accountant. Here’s how they compare, and what you get with each:
Get help making sense of your taxes, understanding the ins and outs of what relief you’re eligible for – and your tax return filed. Keep your tax situation spotless with your very own accredited accountant.