Personal Tax Returns

Do you need to complete a personal tax return?

You do need a self assessment tax return if you...

  • are self-employed
  • have annual income of £100,000 or more before tax
  • you or your partner receive child benefit and your income is over £50,000
  • are a partner in a partnership business
  • are a company director (except for directors of not-for-profit organisations who receive no pay)
  • are a minister of religion
  • are a trustee or the executor of an estate
  • have received rental income
  • have income from savings and investments of £10,000 or more before tax
  • have tax due at the end of the year that cannot be collected via your PAYE coding notice in a later year
  • have untaxed income of £2,500 or more
  • have capital gains or losses from the disposal of assetspersonal tax return fareham

How can we help with your tax return?

Regular reminders throughout the year, requesting relevant information for your return

Expert support and advice

Optimise your tax efficiency by identifying any potential reliefs you may be able to claim

Calculate your tax/refund due and provide a schedule of payments

Complete and file your return on your behalf

Deal directly with HMRC on your behalf


Here are some answers to common questions we get asked.  Please let us know if you'd like to discuss any questions you have and we'll see how we can best assist you.

When is my tax return due?

Your tax return is due by the 31st January following the 5th April.  So for example for the year to 5th April 2020, your tax return will be due by 31st January 2021.

What if I’m already late submitting my return?

You should prepare and submit your return as soon as possible to avoid any further penalties from HMRC. 

Penalties for late submission are as follows:

Up to 3 months late        £100

3 months late                    £10 daily penalty for up to 90 days (max £900)

6 months late                    5% of tax outstanding at that date*

12 months late                  £300 or £300 if greater*

*the total of the 6 and 12 month penalties cannot exceed 100% of the tax due

Can’t find the answer to your question?

Please feel free to Contact Us and we can see how we can help.