FAQs

Records of your income and expenses for the relevant tax year, whether that’s self-employment records, rental statements, dividend vouchers

Yes. We regularly help new clients bring overdue returns up to date and can advise on minimising the penalties

Possibly. Filing requirements are based on the type of income you receive, rather than being exclusively tied to the

Yes. HMRC’s system is perfectly capable of taking your numbers and calculating a bill. What it won’t do is

Plenty of sole traders do file their own return and, for a simple first year, that can work fine.

Missing the 5 October registration deadline in the tax year they first need to file, which can leave tax

You’ll need to submit a Self Assessment if you have earned income from self-employment, capital gains or dividends, among

A Self Assessment tax return has to be submitted to HMRC every year if you owe tax on income

HMRC applies an automatic £100 penalty for filing even one day late, even if you don’t owe any tax.