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Self Assessment · Income Tax

Personal Tax & Self Assessment

Whether you're a sole trader, landlord, company director, or have multiple income streams, we prepare and file your self-assessment tax return accurately and on time — and make sure you're not paying a penny more than necessary.

Who needs a self-assessment return?

  • Self-employed sole traders and freelancers
  • Company directors
  • Landlords receiving rental income
  • Those with income over £100,000
  • Anyone with untaxed income (investments, savings, foreign income)
  • High income child benefit charge cases

What we do

  • Gather and review all income sources
  • Identify every allowable expense and claim
  • Calculate your liability accurately
  • File with HMRC before the deadline
  • Advise on payments on account and budgeting for your tax bill

Fixed-fee self assessment from £150

Straightforward returns for employees with one income source. More complex returns priced based on your circumstances. No surprises.

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Self Assessment deadlines

DateWhat is due
5 OctoberRegister for Self Assessment if you have new untaxed income from the previous tax year
31 OctoberPaper return deadline
31 JanuaryOnline return deadline, balancing payment and first payment on account
31 JulySecond payment on account

The 2025/26 return, which covers 6 April 2025 to 5 April 2026, is due online by 31 January 2027. Miss it and there is an automatic £100 penalty. After three months, £10 a day applies for up to 90 days. At six and twelve months there is a further penalty of the greater of 5% of the tax due or £300. Late payment adds interest and further 5% penalties at 30 days, six months and twelve months.

Payments on account, with an example

If your Self Assessment bill is over £1,000 and less than 80% of your income tax was collected at source, HMRC asks you to pay next year's bill in advance, in two equal instalments.

Example, 2026/27. A sole trader has a taxable profit of £45,000. Income tax is £6,486 (20% of £32,430 after the £12,570 personal allowance) and Class 4 National Insurance is £1,945.80 (6% of £32,430), a total of £8,431.80. Each payment on account for the following year is half of that, £4,215.90, due on 31 January and 31 July. If profit falls, you can apply to reduce them.

Income beyond wages and profit

  • Rental income: reported on the property pages, with a £1,000 property allowance available instead of expenses.
  • Dividends: a £500 dividend allowance applies, then rates of 10.75%, 35.75% and 39.35%.
  • Capital gains: a £3,000 annual exempt amount, then 18% or 24% depending on your income band.
  • Pension contributions: relief on contributions up to the £60,000 annual allowance, with carry forward of unused allowance from the previous three years, subject to the taper for very high earners.
  • High Income Child Benefit Charge: applies when either partner has income over £60,000, and is reported on the return.

If your self-employment and property income combined is over £50,000, Making Tax Digital for Income Tax applies from April 2026. The threshold drops to £30,000 from April 2027 and £20,000 from April 2028. Quarterly updates then replace the single annual return, so it is worth planning early. See our guide to Making Tax Digital in plain English.

Sources: GOV.UK: Self Assessment tax returns, GOV.UK: Income Tax rates.

Frequently Asked Questions

Who needs to complete a self-assessment tax return?

You need to file if you are self-employed, a company director, a landlord, earn over £100,000, have untaxed savings or investment income, or receive child benefit with income over £60,000.

What is the self-assessment tax return deadline?

The online self-assessment deadline is 31 January following the end of the tax year. The 2025/26 return is due 31 January 2027. Late filing incurs an automatic £100 penalty.

How much does a self-assessment tax return cost?

We charge a fixed fee agreed upfront, based on the complexity of your income. There are no hourly charges or surprise bills. Contact us for a personalised quote.

What are payments on account?

They are advance payments towards next year's tax bill, each equal to half of the previous year's Self Assessment liability. They are due on 31 January and 31 July, and apply when your bill is over £1,000 and less than 80% of your tax was collected at source.

What are the penalties for a late Self Assessment return?

An automatic £100 penalty applies the day after the deadline. After three months, £10 a day accrues for up to 90 days. At six and twelve months there is a further penalty of 5% of the tax due or £300, whichever is greater.

When does Making Tax Digital apply to me?

Sole traders and landlords with combined self-employment and property income over £50,000 join from April 2026, over £30,000 from April 2027 and over £20,000 from April 2028. Salary and dividends do not count towards the threshold.