Self Assessment Tax Return 2019/2020

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Filed with HMRC

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Completed by 31st January 2021

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Self Assessment Tax Return

£99/one off

Forma contractor accounting benefits tick icon
Complete by 31st Jan 2021
Forma contractor accounting benefits tick icon
Income 6th Apr '19 to 5th Apr '20
Forma contractor accounting benefits tick icon
Filed with HMRC
Enquire Now

Self Assessment Tax Return

£99/one off

Forma contractor accounting benefits tick icon
Complete by 31st Jan 2021
Forma contractor accounting benefits tick icon
Income 6th Apr '19 to 5th Apr '20
Forma contractor accounting benefits tick icon
Filed with HMRC
Enquire Now
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Self Assessment Tax Returns with Forma

We'll ensure that we get your Self Assessment Tax Return sorted right away and completed before the deadline.

Need help? Book a free consultation below:

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FAQs

How does it work?

  1. Click on buy now to buy a self-assessment for just £99
  2. You will get an automatic confirmation email of your purchase, including a list of documents we would need from you
  3. Your dedicated personal accountant will be in touch to understand your tax situation, answer your questions and prepare your tax return
  4. They’ll assess if there are ways to ensure you are tax efficient
  5. Once you’ve looked it over and are happy with it, we will file it on your behalf with HMRC.

Who needs to file a self assessment tax return?

Most people do not need to file a Self Assessment because they are taxed at source. But there are a few reasons you may need to complete a tax return:

  • You’re self-employed and earned more than £1,000
  • You are a landlord with rental income over £2,500
  • You made over £12,000 in profit from investments
  • You received more than £10,000 from savings interest or dividends
  • You have foreign income
  • You want to claim a tax refund (CIS, EIS, SEIS, donations)
  • HMRC tells you to submit one
  • Your income is over £100,000
  • You live abroad and had income from the UK
  • You’re in a partnership
  • You are a minister of any religion

What are common self assessment mistakes?

This is a submission only service, meaning you must provide all data required. Where applicable, we will require the following:

  • Not knowing deadlines and key dates
  • Forgetting about tax reliefs you can claim
  • Forgetting about Payment on Account
  • Getting your tax code wrong
  • Not including total income and benefits from PAYE

We will not be preparing profit & loss accounts for either self-employment or rental income.

All information must be provided in summary detail. We will be responsible for filing; not due diligence or fact-finding.

What are the late filing penalties?

  1. £100 fixed penalty for missing the deadline
  2. Additional £10 per day penalty after 3 months
  3. £1,200 or more after 6 months
  4. £1,600 or more after 12 months

What are the key deadlines?

The UK tax year for individuals starts April 6th 2019 and ends April 5th 2020.

From then, you have until January 31st 2021 to complete your online tax return for this tax period.

How do I find my UTR number?

Your UTR number is a Unique Taxpayer Reference that you get when you register for Self Assessment.

It consists of 10 digits (sometimes with a letter K at the end) and is issued to you by HMRC.

Check out our Guide to UTR numbers for more information.

What documents do I need to submit?

This is a submission only service, meaning you must provide all data required. Where applicable, we will require the following:

  • For employment - P60 or P45
  • For self-employment - profit & loss account showing the total income & expenses for the year  
  • For rental income - profit & loss account showing the total rental income & expenses for the year (including mortgage interest)
  • Dividends & Interest - total figure for the year (tax paid for foreign dividends)
  • Pension & Benefit - P60, P11D etc
  • Capital gains/ losses - Total figure for the year
  • Payment on accounts made
  • Pension contributions
  • Received child benefits
  • Marriage couple allowance

We will not be preparing profit & loss accounts for either self-employment or rental income.

All information must be provided in summary detail. We will be responsible for filing; not due diligence or fact-finding.

Can I get some free advice?

Absolutely. Whether you're considering starting or unsure on switching, you can book a free 30 minute consultation with an accountant here:

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