City Books Accountants Limited

Please feel free to contact us for any of the services listed below.

Do not be a part of the numbers below. Let us do the work for you. Send us a message!😉

Who must send a self-assessment tax return.

You must send a tax return if, in the last tax year (6 April to 5 April), any of the following applied:

1. You were self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on).
2. You were a partner in a business partnership.
3. You had a total taxable income of more than £150,000.
4. You had to pay Capital Gains Tax when you sold or ‘disposed of’ something that increased in value.
5. You had to pay High Income Child Benefit Charge.

You may also need to send a tax return if you have any untaxed income, such as:
1. Money from renting out a property
2. Tips and commission
3. Income from savings, investments and dividends
4. Foreign income

Check if you need to send a tax return and we will gladly manage all your tax matters for you.

Do contract us.

HMRC Penalties

You’ll get a penalty if you need to send a tax return and you miss the deadline for submitting it or paying your bill.

You’ll pay a late filing penalty of £100 if your tax return is up to 3 months late. You’ll have to pay more if it’s later, or if you pay your tax bill late.

You’ll be charged interest on late payments.

Estimate your penalty for Self Assessment tax returns more than 3 months late, and late payments.

You can appeal against a penalty if you have a reasonable excuse.

Find out how to pay a penalty.

All partners can be charged a penalty if a partnership tax return is late.

Call us, we can gladly assist you.