Don’t risk HMRC fines.
The documents TaxScouts needs from you so we can file your tax return depends on two things:
If you’re self-employed, we’ll need your:
Download our invoice and expenses spreadsheet to keep you on track and organised throughout the year. If you were both employed and self-employed during the tax year, then you’ll also need to submit a P60 form.
For your CIS tax return, you would need to provide:
You can also check to see that you’re claiming all of the relevant expenses to maximise your CIS rebate.
If you receive income through property, you’ll need to provide our accredited accountants with the following:
You can read more about what the allowable property expenses here.
If you’re making a profit from selling your assets (we’re definitely jealous), then we’ll need to know some key information. This includes:
Check out our handy Capital Gains Tax calculator to calculate how much you’ll need to pay. The 2022/23 Capital Gains Allowance is £12,300 which means you can make up to this amount without being taxed – hooray!
If you’re a crypto expert, or just trying your hand at it, and you’ve made profit over £12,300, check out this guide on how to do your crypto tax return.
If you’re employed and you pay your taxes through PAYE via your employer, we’ll still need this information when filing your Self Assessment tax return. Specifically, we’ll need:
Don’t forget to provide your accountant with all the information available regarding all your streams of income.
With all of these, it’s best that you keep clear and organised records of every transaction. Collect all the important documents and keep them together (and make a copy just in case). Keep all your receipts for tax record purposes.
For any donations you’ve made, we’d need:
When it comes to pension contributions, we need any documents or information that mentions them. A spreadsheet works too!
Submitting information on your SEIS or EIS investments isn’t as complicated as you may think. We do everything, as long as you provide us with:
Although this may seem like a lot, we’re on hand to help throughout the entire process. Use our spreadsheets to track and stay on top of all your finances.
If you have any other questions, feel free to contact our support team on [email protected]
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