Personal Tax Return

Completing and submitting your personal tax return can be a stressful experience. If you accidentally make any errors, you could face a penalty from HMRC – adding to the pressure. To make matters worse, you must submit your Personal Tax Return by the 31^st January or you will be penalised.

Our sister company Churchill Knight & Associates Ltd has a dedicated Personal Tax Department, who, since 1998 has successfully completed over 20,000 personal tax returns. Whether you are required to pay tax via your self-assessment tax return, or recuperate tax with a rebate, Churchill Knight will ensure your tax return is submitted accurately and on time.

A Personal Tax Return, otherwise known as a self-assessment (Form SA100), is HMRC’s way of finding out how much tax and National Insurance (NI) is due on any income which hasn’t been taxed at source.

If you need to file a self-assessment, you will need to report your earnings (including dividends) for the relevant tax year and file your return (usually online) by the 31^st January deadline following the end of the tax year on 5^th April. HMRC will then use this information to calculate how much tax and NI you owe.

You may be required to complete a personal tax return if:

• You are a self-employed worker
• You qualify as a higher rate payer of tax
• You operate as a Director for your Personal Service Company (limited company) and pay yourself via dividends
• You have income from properties (e.g. rent) within the United Kingdom
• You receive foreign income
• You have accepted payments that were untaxed, including capital gains or losses
• You have a pension fund or particular savings and investment accounts
• You have access to additional income that is highlighted by HMRC

Using an expert accountant for your tax return will help ensure it is completed accurately and by the deadline set by HMRC (31^st January).

Here are a few reasons why Churchill Knight are the perfect accountants to complete your tax return:

• You can rest assured that your tax return will be completed and submitted to HMRC by the deadline, accurately and lawfully.
• Ongoing support will be available from their Personal Tax Department, if required.
• You’ll be made aware of your tax liability or rebate amount.
• They can legally advise you on the best ways to reduce your tax liability and maximise your take home pay.
• You can enjoy extremely competitive prices. The earlier you contact them to complete your tax return, the lower the fee. Please call now to organise your 2023/24 tax return – 01707 871622.

If you have any questions about submitting a personal tax return or you are interested in our sister company completing it for you, please contact us via the form below or give our friendly team a call on 01707 669023. We promise we’ll ensure you get the very best rate available.