Calculate Your Individual Tax Return

Helping You Calculate and Prepare Your Personal Tax Returns

Every year, more and more individuals are required to complete a tax return. This is typically due to a change in their personal circumstances. With an increase in technology and more joined-up behind-the-scenes systems at HMRC, it is more important than ever to ensure that your tax return is correct.

Failure to submit on time or declare your full income during the year can result in significant penalties being incurred. If you are required to complete a self-assessment tax return you may need help and guidance. Click here to view some of our FAQs around tax returns.

In particular, many clients need advice on:

exactly what to declare
how to minimise the amount of tax payable
offsetting any personal losses during the year
managing one-off capital gains

Our personal tax specialists will work with you to collate all of the necessary figures and evidence required to accurately calculate your personal income. They will also consider how any investments, donations or losses can be used to offset the overall tax bill.

We encourage our clients to take a proactive approach to their tax returns and not leave submissions until the last minute. Whilst the deadline for submission of self-assessment tax returns is January 31st for the 12 months to the 5th of April of the previous year, leaving your self-assessment until late in January carries risks. These risks include: