Tax FAQs

You may need to file if you are self-employed, a landlord, a company director with untaxed income, have foreign income, Capital Gains Tax, dividends, high income child benefit charge, or income HMRC has not taxed through PAYE. If unsure, check before the deadline.

You usually need income records, P60s, P45s, payslips, dividend vouchers, interest statements, pension details, rental income records, business income and expenses, student loan details and HMRC correspondence.

Yes. Once appointed and authorised, we can prepare the return, send it to you for approval and file it online with HMRC after you confirm the figures.

Yes, but penalties and interest may apply. If several years are missing or HMRC has already contacted you, the matter may need careful handling rather than a simple late filing.

Payments on account are advance payments towards the next tax year. They can surprise clients because HMRC may ask for a balancing payment and the first advance payment by 31 January.

You may need to consider Capital Gains Tax when selling or gifting property, shares, crypto, business assets or other chargeable assets. The gain is usually based on sale proceeds less allowable costs and reliefs.

UK residential property disposals can have a separate reporting deadline. If tax is due, the disposal may need to be reported sooner than the normal Self Assessment deadline.

Yes, Private Residence Relief may reduce or remove CGT if the property was your main home for all or part of the ownership period. The calculation depends on occupation history and use of the property.

You usually need purchase details, sale details, legal fees, estate agent fees, improvement costs, valuations where relevant, ownership dates and details of any period you lived in the property.

Yes. We can calculate the gain, review reliefs, prepare the reporting position and help with Self Assessment where the gain also needs to be included on the tax return.

You may need to register for VAT when taxable turnover exceeds the VAT registration threshold or when you choose to register voluntarily. Timing matters, so check before your turnover passes the limit.

Making Tax Digital requires VAT records and VAT returns to be kept and submitted digitally using compatible software or an approved digital process.

Yes. We can prepare or review VAT returns, check input and output VAT, deal with MTD filing and advise where records need correction.

VAT errors should be reviewed carefully. Some errors can be corrected on a later return, while larger or more serious errors may need separate disclosure to HMRC.

Yes, messy records increase the risk of incorrect VAT claims or underdeclared VAT. A review can help identify coding issues, missing invoices and incorrect VAT treatment.

If you pay employees or directors through PAYE, you may need payroll records, payslips, PAYE calculations and RTI submissions to HMRC.

RTI means Real Time Information. It is the system used to report payroll information to HMRC each time employees are paid.

Yes. We can help with director-only payroll, payslips, PAYE reporting and salary planning for limited company directors.

Employers may have workplace pension duties depending on their workers. Payroll should consider pension assessment, deductions and record keeping where auto-enrolment applies.

Yes, but the correction depends on the type of mistake, tax year, payroll software and HMRC reporting position. It is better to correct errors quickly.

Ask before making a decision, filing a return, selling property, incorporating a business, replying to HMRC or correcting past mistakes. Advice is usually more valuable before action is taken.

Yes, where appropriate. Written advice usually requires a review of documents, facts, tax years and the specific question being asked.

Yes. We can compare tax, National Insurance, Corporation Tax, dividends, payroll, VAT, compliance costs and commercial risk.

Yes. This is strongly recommended where Capital Gains Tax, main residence relief, joint ownership, non-residence or reporting deadlines may apply.

Yes. Filing records figures on a return. Advice considers the tax treatment, risk, reliefs, options and HMRC position before deciding what should be reported.