Examples of when you may need to complete a return:

You are self-employed or a partner in a partnership

  • You are also self-employed or a member of a partnership
  • You are a company director
  • You receive benefits from your employer e.g. company car or private medical insurance etc
  • You have savings or investment income above the annual exempt levels
  • You have any untaxed savings or investment income
  • You rent out property
  • Your income exceeds £50,000 and you or your spouse/partner receives Child Benefit
  • You have overseas income
  • You have sold or given an asset away (CGT)
  • Your adjusted net income exceeds £100,000

Even if some of these activities do not generate a profit (such as rental properties or self-employment), completing a tax return may still be necessary and even when a tax return is not required, in some circumstances it is beneficial to do.


What can we do for you?

  • Prepare your tax return and check your tax if you suspect the tax collected by your employer was incorrect
  • Prepare your tax return to declare your untaxed income from savings or property rental or if your income is in excess of £100,000.
  • Make a claim for a tax refund from HMRC on your behalf
  • Check your tax code to ensure it is appropriate
  • Claim expenses necessarily incurred by you as a result of being employed e.g. business mileage, hotel accommodation/ meals/ business phone calls and professional subscriptions

Get in Touch

TaxSmart Accounting are an independent and forward thinking accountant with the flexibility to meet the client’s needs in a professional and personal manner.  Outsource as much or as little of your bookkeeping and payroll needs as required with our fully personalised service.  Contact us today for further information or a free consultation on how we can help your business.

Three Easy Steps

1. Visit our
High Street Offices

Conveniently situated on the High Street, visit one of our offices for a friendly informal chat, our door is always open.

2. Chat to
an expert

Meet with one of our expert accountants who will determine exactly how we can help you and your business. This meeting is FREE and there is no obligation to use our services.

3. Get a
fixed quote

Once we have had the initial meeting, we will provide you with a fixed quote to cover all the work we believe is required.