“Payment on Account” means that you pay tax in two instalments:
It’s usually the self-employed (and very rarely landlords) who have to use Payment on Account.
If you earn more than 80% of your income through PAYE, don’t worry about Payments on Account.
Basically, in your first year, you have to pay 150% of your tax bill in one go.
You can ask the HMRC to reduce your payment.
However, we recommend you pay the Payment on Account as it is.
If your profits are indeed down, then HMRC will refund you the difference.
You will be required to make a “balancing payment” by January 31st next year so your account is up to date.
Log in to your online account and click “View statements”.
You can find information on:
Once you submit your Self Assessment tax return, you are automatically enrolled in it.
The only exceptions:
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.