Self Assessment Tax Returns

An individual has to submit a Self-Assessment Tax Return to HMRC every year if they have more than one source of income or any other source of income other than employment.

The tax year runs from 6 April to 5 April and the deadline for submission this to HMRC is the following 31 January.

The tax return collates all of the income that an individual receives and then calculates how much Income Tax and National Insurance there is to pay.

The most common income streams are employment, dividends, property rental, capital gains and pensions. There are a number of others that we can chat about in detail if required.

Here at MJF Accountancy, we can help you through this process by reminding of your responsibilities in a timely manor, collating the information together and then finally submitting to HMRC on your behalf. If any Income Tax or National Insurance Contributions are due, we will ensure this is correct and then advise you on the liability as well as methods on how to pay it.

So what are you waiting for?

Call us today on 0151 724 3960 to arrange your free consultation.

Alternatively, you can email us at or you can use our website contact form.

Spring Statement 2018

The Chancellor Philip Hammond presented his first Spring Statement on Tuesday 13 March 2018.

13 Mar 2018

Tribunal rules BBC journalist is caught by 'IR35' legislation

A First Tier Tribunal has ruled that a presenter paid via a personal service company was caught by the IR35 rules resulting in additional tax and national insurance contributions being payable.

05 Mar 2018

Advisory fuel rates for company cars

New company car advisory fuel rates have been published which take effect from 1 March 2018.

05 Mar 2018

Scotland's five income tax bands and tax relief for pensions

Following the announcement of new income tax rates for Scottish taxpayers for 2018/19, the government is looking at ways of addressing the issue of the tax relief due on Scottish taxpayers' pension contributions.

05 Mar 2018

Minimum Wage increases

The National Minimum Wage and National Living Wage are the legal minimum wage rates that must be paid to employees.

05 Mar 2018

Pensions Auto Enrolment reaches a million employers

The Pensions Regulator has announced that the number of employers meeting their workplace pension duties has reached one million and that statistics show that approximately 9.3 million people are saving into a pension.

05 Mar 2018

Year end tax planning

With the end of the tax year looming there is still time to save tax for 2017/18. We have set out some points you may want to consider.

05 Mar 2018

HMRC rejected Self Assessment expenses and excuses

HMRC have released the latest list of imaginative excuses made by individuals who failed to submit their self assessment return by 31 January deadline in 2017.

05 Feb 2018