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Filing

File self-assessment tax return on time! Managing self-assessment tax can be a hassle for sole traders or self-employed people. Our self-assessment tax return service can help you with the income tax filing process. Save your time and money by letting us manage your tax.

File self-assessment tax return on time! Our self-assessment tax return service can help you with the income tax filing process. 

 

Need Self-Assessment Tax Return Service?

Step 1 - book a free meeting

Book A Free Meeting

You can just give us a call or book a free meeting from our calendar to initiate the process.

Step 2 - discuss your requirements

Discuss Your Needs

Discuss your requirements with our team and we will come up with a solution.

Step 3 - meet your accountant - bookkeeping and accounting services in london, UK

Meet Your Accountant

Your dedicated accountant handles everything while you work on making more business.

File Your Self-Assessment Tax On Time!

Octa Accountants take care of your books and accounts – with personalised tax advice. You do not have to worry about managing the taxes and focus on what you do best. Here’s how we help:

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Digital Bookkeeping

We use the latest accounting softwares (e.g., Xero, QuickBooks, etc.) to update your books and accounts.

reconciled bank transactions

Record Income & Receipts

A dedicated accountant keeps a record of your transactions and income for self-assessment tax.

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File Tax Return To HMRC

Your tax is timely filed to HMRC without any delays or mishaps – while you do your work.

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Tax Advice & Consultancy

Our tax experts provide self-assessment advice and consultancy for clients, via call and email.

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Claim Tax Relief

We ensure you pay the right tax and help you claim appropriate expenses or tax reliefs if possible.

What is Self-Assessment?

HM Revenue and Customs (HMRC) utilises the self-assessment tax return system to collect income tax. The self-assessment tax return is a process to calculate an owed or refundable tax amount from your declared earnings. You can find out if you need to pay or reclaim tax once you file your income. This service is for:

  • First-time filers
  • Self-employed
  • Freelancers & contractors
  • Construction workers (CIS)
  • Landlords 
  • Investors (property dealers, crypto miners/buyers, forex traders, etc.)
  • Expats
  • Couriers, drivers, or riders
  • People who need tax relief/refund claims
  • People with high income (£100K+)

HM Revenue and Customs (HMRC) utilises the self-assessment tax return system to collect income tax. The self-assessment tax return is a process to calculate an owed or refundable tax amount from your declared earnings.

 
Get A Today!

We understand everyone has different needs when it comes to tax matters. Octa Accountants understand your requirements first before presenting service charges. 

Request a free quote for Self Assessment Tax Return Service Now!

Frequently Asked Questions

Here’s a list of frequently asked questions about self-assessment tax from our web visitors.

How to apply for a self-assessment tax return?

You can apply for a self-assessment tax return if you are self-employed or receive income from other sources like rent or investment, etc. So here’s how to do a self-assessment tax return in the UK online:

 

  • Visit Gov.uk’s website
  • Register for self-assessment (if you are a first-time filer)
  • Sign in to file a self-assessment tax return
  • Complete the income tax filing form

Who has to do a self-assessment tax return?

A person has to send a tax return for last year if they were:

  • Self-employed (Sole trader & earned over
    £1,000)
  • Partner in a business partnership
  • Received rent or tips/commissions
  • Generated income from investments, savings, and dividends
  • Obtained foreign income

Other reasons can be:

  • Claim income tax relief
  • Claim tax-free childcare or Maternity Allowance

 

Read more: "Who has to do self-assessment tax return?"

What is the cost of self-assessment service in the UK?

Doing self-assessment yourself can be overwhelming, and you may miss a thing or two if you would try to fill it all by yourself. So it is better to hire an expert accountant to do the job to avoid mess ups. 

 

Different accountants or firms would charge you differently, so it is better to get the rates from others and decide the best option. You can request a free quote from us to get the best income tax filing service rates in the UK.

What are the requirements for filing an income tax?

When you are filing a self-assessment, you will need your national insurance number, UTR ID (Unique Taxpayer Reference), and invoices that present your income & expenses. 

 

It is quite tiresome to work if you manage things yourself, but you can avoid this hassle with Octa Accountants. A dedicated accountant handles your receipts, invoices, and essential documents digitally - and applies for tax returns on your behalf.

How long is the tax return process?

HMRC may take up to 12 weeks to process tax rebate, and it may take further 5 days to 8 weeks to receive your payments.

Common self-assessment tax return mistakes?

Many people try to register for tax returns by themselves and end up making a lot of mistakes. You may think of saving your money, but in reality, you would be wasting your time and effort that you can use on other things. 

 

Here are some common mistakes that people make while filing a tax return:

 

  • Missing deadlines
  • Mentioning incorrect figures
  • Trying to claim the wrong expenses
  • Forgetting to declare salary and benefits from other jobs
  • Improper records
  • Entering the wrong tax code

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