- 250 Main Street, 2nd Floor, UK
- info@taxacconsultants.co.uk
For individuals sole traders, freelancers, contractors, or those with multiple income sources personal tax returns (Self-Assessment) must be filed annually. As the UK tax landscape evolves, especially with digital record-keeping and impending changes under Making Tax Digital (MTD), maintaining proper records and timely filing is more important than ever. At Taxac Consultants, we handle your entire Self-Assessment process from data-gathering to filing, so you stay compliant and avoid penalties.
What we offer
- Compilation of all income (self-employment, employment, dividends, property, other) and allowable expenses.
- Preparation and filing of the personal tax return.
- Advice on tax-saving opportunities (allowable deductions, pension contributions, reliefs).
- Guidance on record-keeping helping you store receipts, statements, and evidence in an organised manner, and advising on compliance with MTD when applicable.
Why choose us
By partnering with us, you can be confident your personal tax return is accurate, compliant, and optimised. You won’t have to worry about paperwork, deadlines, or record-keeping.
FAQ's
For the 2024/25 tax year (6 April 2024 to 5 April 2025), the deadline for online filing and payment is 31 January 2026.
Keep all relevant records of income, expenses, receipts, and bank statements, for at least 5 years after the 31 January following the filing deadline (so until at least 31 January 2032 for 2024/25 returns).
Yes, under UK plans, MTD for Income Tax will expand to include many self-employed individuals/landlords from 2026. This means regular digital record-keeping using approved software may become mandatory.
Depends on income sources; e.g. P60/P45 for employment, income statements, self-employment profit/loss, dividend slips, interest statements, expense receipts, property income details etc.
HMRC charges a standard penalty (even if you owe no tax), plus further penalties for additional delay; late payment also incurs interest or further charges.