Personal Tax Returns
Filing your personal tax return can often be a confusing, boring and stressful process. Our friendly tax accountants are here to help and can complete your self-assessment tax returns for you, no matter how complex, by the 31st January deadline.
Personal Tax Return Advice with Aston Shaw
Our personal tax accountants have had years of experience and will be able to guide you through the process and make it as quick and easy as possible.
We’ll make sure your tax return is submitted on time, ensuring you avoid penalties, and stop you from overpaying on tax.
Features and Benefits of our Personal Tax Return service
- A fully qualified, experienced accountant working on your accounts
- Personal and friendly support from your dedicated accounts team
- Guidance with claiming eligible expenses and tax reliefs
- A full calculation of your tax bill
- Your tax return filed to HMRC
The Aston Shaw Approach
At Aston Shaw, we aim to make your personal tax return as easy and straightforward as possible, so you can get on with enjoying your life.
We make sure that every client has their own dedicated team, with a team of client advisors and specialist accountants working closely together.
This helps to give you a fast response and a quick turnaround time, as well as a team of expert accountants who are on hand to help and advise you on your personal tax return, and any other requirements you may have.
FAQs on Personal Tax Returns
You must send a personal tax return if, in the last tax year (6 April to 5 April), any of the following applied:
- you were self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on)
- you were a partner in a business partnership
- you had a total taxable income of more than £150,000
- you had to pay Capital Gains Tax when you sold or ‘disposed of’ something that increased in value
- you had to pay the High Income Child Benefit Charge
You may also need to send a tax return if you have any untaxed income, such as:
- money from renting out a property
- tips and commission
- income from savings, investments and dividends
- foreign income
When you file your self-assessment tax return, you will need to declare any income that you made in the previous financial year.
Each individual will be different, but you will need your P60, your P45 (if you left a job that year) and P11D benefits in kind. You will also need to declare other information including details of any pay and expenses from an employer, details of any bank interest, dividends or sale of stocks and shares, any capital gains made and Information on any pension you may have.
You will also need to declare any Charitable donations, Rental Income and Foreign Income.
HMRC give two deadlines to file your tax return:
31st October – paper submission
31st January – online submission
There is an immediate £100 fine payable to HMRC if you submit your tax return late. This becomes a £10 a day fine on top of the £100 if you fail to submit your tax return after three months, which grows to a maximum of £900.
If you haven’t filed your return after 6 and 12 months following the deadline you get an additional £300 fine or 5% of your tax bill (whichever is greater) on top of your previous fine. A full breakdown of penalties can be found on the gov.uk website.
Contact us
Relax, we’re here to help.
Whether you have a question, need a bit of guidance, or want to chat about your financial future and how we can help, we're here for you.
Fill out the contact form to take the first step towards a stress-free and straightforward accounting experience.
We look forward to hearing from you!