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Credit score

A credit score (also called a “credit rating”), is a number that banks use to figure out if a potential borrower is reliable or not.

In the UK, this number is calculated by consumer credit reference agencies, the most notable of which are Callcredit, Equifax, and Experian. Lenders look at your credit score to decide if they want to offer you a credit card, mortgage, etc., and how much interest you should pay. The UK government can also access your credit score when deciding if you should receive benefits or when following up on unpaid taxes.

How to improve your credit score if you’re self-employed:

If you’re self-employed, a poor credit score can restrict your chances of getting a mortgage, compared to a regular employee.

What you should do:

  • keep your accounts up to date, and use certified accountant for your Self Assessment tax return
  • make sure that you save all tax returns, bank statements, and any other proof of income.
  • you can also ask HMRC for your form called SA302: it shows your total income and tax due.

More guides & useful information

Let us sort your Self Assessment online. £119, all in.

That’s right. No matter how complicated it gets or why you need to do a return in the first place, it’ll cost £119 to get it done. That includes VAT, last-minute changes and all the support you may need.

How it works

1. Answer a few simple questions

And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start working on your tax return.

2. Then get paired with a tax accountant

That’s right, you’ll be matched with a real accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.

3. We file your Self Assessment for you

Once you’ve signed off your return, your TaxScouts accountant will file your return online with HMRC. That’s it! We told you it was simple.