Tax returns are issued annually by HM Revenue & Customs covering the period from 6 April to 5 April and they require a summary of an individual’s income and capital gains within that period.
If you are self employed, we can prepare your end of year accounts to the highest standards, ensuring that you maximise your tax allowances and avoid penalties. We can also help you with VAT, PAYE and income tax returns to make sure that they are accurate and on time.
You will normally be required to complete a self-assessment tax return if any of the following apply to you:
- Self-employed
- Company director
- Higher rate tax-payer
- Have untaxed income from other sources
- Capital Gains, above the annual exemption
- HMRC specifically request a return from you.
From April 2026 Making Tax Digital for Income Tax will also be introduced which will see taxpayers required to submit certain income and expenditure details electronically to HMRC on a quarterly basis. Whitehead & Howarth can assist clients with this requirement.
