Chartered Management Accountants
Best Self-Assessment Tax Return Services in London
Taj Accountants is your hand in need when finding the best self-assessment tax return services in London. We advise, assist, and help you calculate and submit zero returns per fiscal year. Yes, it’s that easy!
Here’s How We Can Help You Do Self-Assessment Tax Return
How We Make Your
Self-Assessment Tax Return Simple
Professional Tax Advice That Adds Value
We don’t just crunch numbers. We guide you on how to minimise your tax liability through available allowances, reliefs, loans, and smart planning.
Dedicated UK-Based Accountant
You’ll work with a dedicated self-assessment accountant who simplifies tax jargon and gives you clear, actionable advice. You'll always have one point of contact. Someone who understands your unique needs.
We Deal with HMRC for You
As your registered tax agent in London, we handle all communication with HMRC on your behalf. Whether it's about payments, queries, or compliance, you can leave the admin to us and focus on what you do best.
Personalised Tax Advice, Every Time
Every individual and business is different. That’s why we tailor our tax services to your income sources, lifestyle, and financial profile.
Trusted Expertise, Not Junior Staff
Your Self-Assessment will always be handled by an experienced tax return services accountant. At Taj Accountants, we believe that quality and trust are non-negotiable.
Exceptional Service, Always
We pride ourselves on being open, reliable, and client-focused. Our team is committed to providing service that’s not just good, but exceptional as standard.
Who Needs to File a Personal
Tax Return (PTR) London?
At Taj Accountants, we help individuals like you across London and beyond meet their HMRC obligations with ease. You may need to complete a Personal Tax Return for the financial year ending 5th April if any of the following apply:
You Must File a PTR If You:
- Are a self-employed sole trader running your own business or freelance services
- Are a partner in a business partnership
- Received over £2,500 in untaxed income, such as rental income from property
- Have income from dividends as an investor
- Earned £10,000 or more in savings or investment income (before tax)
- Sold assets like property, shares, or investments and made a profit (Capital Gains)
- Claimed Child Benefit but earned over £50,000
- Received foreign income that’s taxable in the UK
- Lived abroad but earned UK-based income
- Acted as a trustee or had other legal responsibilities involving tax
Payment dates
Late
Penalty
> 30 days late
- 5%
> 5 months after the first penalty
- An additional 5%
> 11 Months after the first penalty
- An additional 5%
Late payments on account do not attract separate penalties.
Penalties for late filing of the Tax Return
Late Return
Penalty
Initial Penalty
- £100
> 3 Months late
- Daily penalties (£10/day, max 90 days)
6 Months late
- 5% of the liability to tax (or £300 if greater)
12 Months late
- An additional 5% of the liability to tax (or £300 if greater)
Increased penalties apply if the withholding of information after 12 months is deliberate or deliberate and concealed.
Penalties for late filing of the Tax Return
Submission Types
Deadline
Paper
- 31 October Following Tax Year
- 3 Months after Notice to File
- 2 Months if HMRC is to calculate tax
Electronic/ Normal Filing
- 31 January Following Tax Year
- 3 Months after Notice to File
Taxpayers with simple tax affairs can fill in a short tax return, which has no self-assessment
Here’s How We Can Help You Do Self-Assessment Tax Return
How We Make Your
Self-Assessment Tax Return Simple
Step 1
Initial Consultation
Our team carefully reviews your financial records, including income statements, expense receipts, and relevant documentation, to ensure accurate accounting of all income sources and expenses in your tax return.
Step 2
Review of Financial Records
Our team will carefully review your financial records, including income statements, expense receipts, and relevant documentation, to ensure that all income sources and expenses are accurately accounted for in your tax return.
Step 3
Calculation of Tax Liability
We calculate your tax liability using the gathered information, considering any applicable deductions, allowances, and reliefs that may reduce your tax bill.
Step 4
Completion of Tax Return
Once all calculations are finalised, our experienced accountants will complete your self-assessment tax return, ensuring that all required sections are correctly filled in and any supplementary pages are attached, if necessary
Step 5
Review and Submission
Before submitting your tax return to HMRC, we conduct a thorough review to ensure accuracy and compliance. Once approved by you, we submit the tax return on your behalf, keeping you informed of the submission status
Step 6
Payment Advice
We provide clear advice on the amount to be paid and the due dates for payment, ensuring that you stay compliant with your tax obligations. Our goal is to keep you informed and help you manage your tax payments effectively
Frequently Asked Questions
Who needs to complete a self-assessment tax file?
Self-employed individuals, those with property income, and people earning from sources not covered by PAYE must complete a self-assessment tax return. Additionally, individuals with complex financial affairs may also be required to file.
What is the deadline for submitting a self-assessment tax return?
The deadline for submitting a self-assessment tax return in the UK is typically 31st January, after the end of the tax year. However, it is recommended to submit well before the deadline to avoid last-minute issues.
What happens if I miss the deadline for submitting my tax return?
You can complete your self-assessment tax return, but the process can be complex and time-consuming. If you have multiple income sources or complicated financial affairs, hiring a tax accountant ensures accuracy and compliance.
Can I complete my self-assessment tax return myself?
While it is possible to complete your self-assessment tax return yourself, the process can be complex and time-consuming, especially if you have multiple income sources or complex financial affairs. Engaging the services of a tax accountant can help ensure accuracy and compliance while saving you time and reducing your stress.
Together,
We Can Do More
Taj Accountants is a leading firm of Chartered Management Accountants in London, featuring an inclusive team of ACCA, AAT, and other esteemed professionals. We provide more than just tax return filing, offering comprehensive financial solutions that make us the top choice for businesses. Read more
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