Self-assessment tax returns

Specialist tax advisors offering expert self-assessment tax and accounting services to reduce your tax liability and streamline your finances.

Self-assessment accountants: Expertly prepared tax returns 

If you are self-employed or a company director, you need to complete a self-assessment tax return every year and submit it accurately and promptly to HRMC. Our tax specialists make it easy to submit your annual tax return, do the utmost to avoid any HMRC penalties, and we help minimise your tax liability. 

Who needs to do a self-assessment tax return?

You will have to complete a personal tax return if you fall under the following categories: 

  • You are earning a high salary
  • You are earning over £50k and claiming child benefits 
  • You are earning income from savings and investments 
  • A foreigner living in the UK with residency or domicile issues 
  • You are a trustee
  • Capital gains tax is due 
  • You want to claim a tax rebate or tax relief 
  • You receive rental income 
  • You are a partner in a business partnership 
  • You are earning income from overseas 

How long does it take HMRC to process a self-assessment tax return?

The self-assessment tax return process differs to each individual's financial circumstances, as it will take into account a variety of factors that may influence the process time - however, the standard estimated time is between 5 days and 8 weeks. 

Self-assessment penalties 

Many people have tax issues that are not straightforward, and this makes completing your tax return more complicated. You will receive a financial penalty if you miss the HRMC return deadline for submitting your self-assessment tax return - you will receive a £100 fine if your tax return is up to three months late, and if even later, the penalty will increase. 

Why choose Websters

With over twenty years of experience in the tax industry, rest assured our team of specialist tax advisors can offer expert self-assessment advice and services to ensure that your tax return is accurate, submitted on time, and has been structured to minimise tax liability. Contact us today to find out more about how we can help you with your tax return. 

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