Our tax return submission service starts from £250+VAT per year.
Our fees include an annual tax investigation insurance policy, so if HMRC launch a tax compliance enquiry into your tax return, our costs incurred in dealing with HMRC on your behalf are covered in full by the policy, so no extra fees are charged by us to you.
Other services include:
Tax advice to minimise capital gains tax liabilities.
Tax advice to minimise inheritance tax liabilities.
Tax advice to minimise your exposure to the higher and additional rates of tax by making personal pension contributions, donations, or EIS/SEIS investments.
Advising whether a sole trader should incorporate into a company structure.
Completing references on your behalf for obtaining mortgages or tenancies.
Making Tax Digital – Income Tax
HMRC’s Making Tax Digital (MTD) for Income Tax, finally comes into effect from 6 April 2026 (after several delays from 2018).
MTD requirements will need to be followed from:
6 April 2026
If you have self-employment gross income i.e. sales (before costs are offset) of more than £50,000, OR
If you are a landlord with gross rental income (before costs are offset) of more than £50,000.
6 April 2027
If you have self-employment gross income i.e. sales (before costs are offset) of more than £30,000, OR
If you are a landlord with gross rental income (before costs are offset) of more than £30,000.
Current position:
You will be submitting a self-assessment tax return once a year, due by 31st January. One annual submission and paper records are fine.
Future position:
(from 6 April 2026 or 6 April 2027 depending on income levels)
You will be required to submit FOUR quarterly updates to HMRC of your income and expenses, AND a final declaration after the end of the tax year.
Keep your business (or rental) records of income and expenses in a digital format.
Send the quarterly updates (by 7th August, 7th November, 7th February and 7th May) directly to HMRC using compatible digital software.
Submit a final declaration after the end of the tax year.
Pay any tax by 31st January.
Time Saving Software
Compatible digital software that we use includes Xero, Quickbooks and FreeAgent. We encourage all self-employed and landlord clients to get in touch with us now, and start to use the above MTD compatible software, rather than wait until the last minute.
The software offers a lot of advantages and time-saving processing, which will speed up your recordkeeping.