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Self Assessment

Self Assessment is how personal tax returns are done in the UK. It means that, if you have any untaxed earnings (for example, from self-employment, rent, selling a property, etc.), you assess it and declare it to HMRC yourself.

You also have to calculate how much tax you need to pay.

A few things to remember about Self Assessment:

  • the usual reasons to do a Self Assessment is either paying tax on earnings outside employment or claiming a tax rebate
  • you might need to do a Self Assessment even if your only income is from employment (and your employer already takes care of your taxes). For example, if you earn over £100,000 or if you want to claim a tax relief
  • once you register for Self Assessment, you have to submit one every year until you tell HMRC that you don’t need to do one anymore. Otherwise you’ll be fined
  • starting from April 6th 2020, if you sell a property for a profit, you have to use the Real Time Capital Gains Tax Service instead of Self Assessment.

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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.