Self-Assessment

If you are a company director, self-employed, or receive other non-taxable income, you must file a Self-Assessment tax return. HMRC used the self-assessment system to automatically collect income tax and tax deducted from salary, pension, and savings. Individuals and businesses with extra income should report this on their tax return.

Using the statistics and guidelines provided by HMRC, we as individual taxpayers must pay how much tax we pay each year. It is our responsibility to calculate precisely how much we will pay, and we will pay HMRC according to their payment deadline. Get extra income for the year; If your income is not taxed at the source. If you believe you have not adequately taxed or want to get tax relief, you must return.

Preparing your tax return process is often a place to identify tax savings opportunities. Hiring professional Pact Accountancy experts to do this will ensure you are in safe hands and reduced tax liability.

If you need to submit a self-assessment tax return if you are:

  • Director of a Limited Company
  • Self-employed
  • Employed and earning more than £100,000
  • You are reaching more than £50,000 and receiving child benefit.
  • Receiving property income
  • Earning income that hasn’t been taxed
  • A minister of religion
  • A trustee
Other Services

Our service includes:

  • Calculating Capital Gains Tax liabilities and overall Income Tax and advising on due dates of payment
  • if appropriate reducing payments on account for the following year
  • if necessary, negotiating with the Collector of Taxes for time to pay
  • Dealing with all correspondence from HMRC

Benefits of working with Pact Accountancy

  • We are tax professionals, and we are knowledgeable about changing tax obligations.
  • You can choose the level you want
  • No hidden charges, and our fees are transparent.
  • We will help you resolve your late returns as soon as possible to reduce late penalties.
  • And we are professional and hardworking.

What information do I need to submit a Self-Assessment tax return?

To properly file your tax return, you must keep complete and comprehensive financial records. The HMRC may review these records and, if the documents are inaccurate, incomplete or unreadable, may impose a fine. Your document should include:

  • Any document that provides information about your salary and tax
  • Get any document related to the benefits available to you.
  • Any document related to savings, investment and pension
  • Rental income details 
  • Foreign Income Statement.

Why choose us?

Our self-assessment tax return service includes completing and submitting your tax return and complex tax calculations. We also provide ongoing personal tax planning and advisory services with follow-up correspondence from HMRC. This is often a task that fills people with fear and requires careful attention. All you have to do is send the appropriate documents proving your income and expenses, and then we will work hard for you. Our self-assessment service will save you valuable time and money, so you can focus on running your business. It’s not easy. Our expert self-assessment team:

  • Accurate, timely and low cost
  • Highly qualified, expert tax advisor.
  • Expertise in identifying opportunities for tax savings
  • Experience in handling complexities in complex situations
  • Provide ongoing support. 
  • We value long-term relationships.