Need help with your tax return?
Get your self assessment prepared for you online by certified accountants for £119
For tax year 2018/2019 the UK basic income tax rate was 20%. This increases to 40% for your earnings above £46,350 and to 45% for earnings over £150,000.
Your earnings below £11,850 are tax free. This is called the personal allowance. However for every £2 you earn over £100,000 this allowance is reduced by £1.
| Income | Tax rate | |
|---|---|---|
| Up to £11,850 | 0% | Personal allowance |
| £11,851 to £46,351 | 20% | Basic rate |
| £46,351 to £150,000 | 40% | Higher rate |
| over £150,000 | 45% | Additional rate |
You can also use this calculator and select the 2018/2019 tax year so you can see how much income tax you should have paid.
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:
In your case when you earn £49,000.00:
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
Get your self assessment prepared for you online by certified accountants for £119
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.