Our Services
Self-Assessment Tax
Relieve the stress of self-assessment.
The UK is renowned for its system of complex tax codes and compliance obligations, particularly when it comes to filing annual self-assessment returns. As such, it’s crucial to submit your tax returns accurately and on time to avoid issues or the risk of investigation from HMRC.
How can our self-assessment tax advisers help?
Minimise your tax liability
We will analyse your current situation to see where tax efficiencies can be delivered and ensure you never make the mistake of overpaying on your annual tax bill.
Deliver highly accurate returns
Expertise is needed to make sure your returns are filed to the highest possible degree of accuracy, otherwise you risk submitting incorrect information which may be flagged by HMRC.
More than just compliance
We will not only keep you informed of any changes and developments that you need to be aware of, we will also be proactive in finding opportunities for future tax planning.
Get in touch
Navigating the complexity of your self-assessment returns can be a stressful, time-consuming task.
Our friendly team of accountants and advisers are here to take the burden off your shoulders and guarantee full compliance with HMRC’s latest guidelines and tax regulations.
We’d be happy to arrange a free consultation – simply fill in the enquiry form or call us on the number below.
Call us
+44 (0)20 7299 1400Get in touch
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Why choose us
Why Gerald Edelman?
At Gerald Edelman, our self-assessment tax advisers have managed the tax returns for hundreds of individuals and businesses over the years. We know exactly how to evaluate and minimise your tax liability, whilst also keeping you and your business affairs on the good side of HMRC.
You are likely obliged to file a self-assessment tax return if you are self-employed, a partner in a commercial partnership, a landlord, an investor, or a company director who receives income outside of PAYE. Many people also volunteer to file their own tax return in order to claim different forms of relief on their income tax.
If you’re looking for guidance on your own self-assessment responsibilities then it’s always a good idea to book a consultation with an experienced accountant to talk through your situation.
Frequently asked questions
When do I need to submit my self-assessment tax return?
You will need to submit your self-assessment tax return by 31 January of every year. If you are submitting a paper tax return, this needs to be submitted by 31 October.
Can I claim tax relief or allowances as part of my self-assessment return?
You may be able to claim tax relief or allowances on your self-assessment. We will always look to claim the maximum amount of relief and allowances based on your circumstances. These include, pension, charity donations, transferring marriage allowance, buy-to-let and mortgage interest.
What happens if I don’t file my self-assessment return accurately or on time?
Late submission and inaccuracies of your self-assessment will incur different fines. If you submit your tax return past the deadline you will receive an automatic HMRC fine of £100 – this can quickly increase as after three months you will then incur daily fines of £10 per day.
If there are inaccuracies in your tax return, it is important to disclose your mistake to HMRC before they check your return. To avoid any mistakes, we can guide you through the self-assessment process and ensure you submit your information on time and accurately. We can also liaise with HMRC on your behalf if you are contacted about your self-assessment and help to amend any inaccuracies.