Self Assessment doesn’t need to be painful.
10% discount for Koinly investors.
As an investor, you’ve got more important things to think about than your taxes. So let us do them for you.
We are offering Koinly investors a 10% discount on your first TaxScouts tax return or tax consultation.
To see how much tax you might owe, try our free Capital Gains Tax calculator.
And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start preparing your tax return.
That’s right, you’ll be matched with a real accredited accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.
Once you’ve signed off your return, your TaxScouts accountant will submit your return with HMRC for you.
We also offer one-off tax advice from an accredited accountant. Want to be more tax-efficient? Need to get your head around your tax situation? We can help.
Book a tax advice consultation for 1-1 professional support by phone or video call.
10% discount for Airbnb hosts.
£119 £107, all in. Learn more
Filling out your annual return needn’t be taxing. This start-up aims to take the pain out of many people’s biggest headache.The Times
You’re not alone. If you’ve got a question about tax we’ve probably heard it before and have an answer, or we can walk you through what to do.
If you’re self-employed, you can get up to £1,000 each tax year as a tax-free allowance. This is called the Trading Allowance.
Not really. Anyone can use the Real Time CGT return for any capital gains (shares, cryptocurrencies, etc.), but only people selling property HAVE to use it – starting from April 2020.
No – unless you also need to file a Self Assessment.
You need to file a Self Assessment if:
It really depends.
Basically, the Real Time CGT return asks you to estimate how much your income will be for the year. If nothing significant changes and you don’t go over/under £50,000 a year (there are different CGT rates if you earn less or more than this), then you don’t need to do a Self Assessment.
However, if you lose a job or get a significant promotion, you might need to file a Self Assessment as well – by January 31st of the second year.
If the value of the coins you got from mining or trading cryptocurrencies like Bitcoin or Ethereum is over £1,000 in GBP equivalent you’ll have to pay tax on your earnings.
HMRC treats cryptocurrency miners as traders, so you need to pay:
If you don’t declare yourself as a trader you will automatically be classified as an investor and have to pay Capital Gains Tax.
The documents we require depend on why you need to do a Self Assessment.
If your only reason to file one is because you’ve gone over the £100,000 earnings threshold, and your only source of income is employment (PAYE), then we only need a P60 (sometimes a P45 as well), and any P11D forms you might have received from your employer.
However, if you already have an HMRC Online Services account, we can simply connect to it and simply pull your information from there. And, in case you’re wondering, we’re authorised by HMRC to do this.
For any other reasons to do a Self Assessment, we have a longer list of documents here.
There are two main things that set us apart. Firstly, for you, the users. We automate all the admin that accountants usually charge for. This saves them time and means we can pass on any cost savings to you. It also means that we can get your tax return filed in as little as 48hrs, from signup to filing, or your tax advice consultation booked in minutes.
If you’re ready to go, we’re ready to help.
For our accountant partners, our platform is built in a way that means you don’t compete with each other. You don’t bid on clients and never lose out on business to other accountants. The clients are yours, and when they return from previous years, they’re assigned automatically to you.