Tax return services
After you start trading, either as a partnership or sole trader, you will have to both register for and file your self assessment tax return with HMRC. Otherwise you may face fines and penalties. Contact us today for our professional and friendly tax return services.
Tax return registration
We can help you with your tax return registration by the deadline.
If you decide to start as a sole trader, then you must register for your self assessment tax returns with HMRC by 5 October after the end of the tax year.
You may, however, choose to be a business partnership instead. In which case, you must still also register for a tax return for the partnership as well as a tax return for each partner by the same deadline as with the sole trader.
Besides, a landlord who rents out their property may need to register and file their self assessment tax return too. There is, however, an exemption for landlords renting a room in their home for < £7,500 pa to a lodger. In this case, the landlord will not need to register nor file the tax return.
There are penalties both for not registering and for late registration.