Need to complete a tax return? We can help
If you operate under the rules of the Construction Industry Scheme (CIS), you need to complete a tax return, and you may be due a tax rebate.
If you are employed, with annual business expenses totalling £2,500 or more, you are also able to complete a tax return, and you may be due a tax rebate.
One of our qualified, experienced accountants will file your tax return with HMRC and let you know how much tax you owe.
At ADVANCE we offer a professional tax return completion service, we can calculate this for you and help you to obtain your rebate.
Do I need to do a tax return and what is the deadline?
If you are currently self-employed or have been in the past, it can be hard to know if you need to file a self-assessment tax return.
HMRC's tax deadlines can be confusing, too.
Our specialist accountancy team will look at your circumstances and let you know where you stand, but here are three quick points to get you started:
If you earn any income whatsoever through self-employment during a tax year, which runs from 6th April to 5th April the following year, then you’ll need to file a self-assessment tax return. It doesn’t matter if you are no longer self-employed – HMRC wants you to pay any tax that you owe for the relevant tax year. If you are still unsure if you need to do a tax return, read HMRC's guide here.
Midnight on 31st January is the annual online self-assessment deadline for the tax year that ended the previous April. For example, 31st January 2017 was the deadline for the tax year that ran from 6th April 2015 to 5th April 2016. Similarly, 31st January 2018 was the 2016/17 deadline and so on. For more information, read our self-assessment deadline survival guide.
Failure to file your tax return and pay any tax that you owe by the deadline will result in an automatic £100 fine. It is therefore in your financial interests to get everything sorted in time for the deadline.
Use our Tax Rebate calculator to find out what rebate you may be entitled to receive. Alternatively, give our team of experts a call on 01244 564 564 and we can help you today.