Expert help with tax returns
Self assessment involves completing a tax return (online or paper) to submit to HMRC with details of your income and capital gains, and to claim related tax allowances or tax reliefs.
If you pay tax on your earnings or pensions through PAYE, your tax will be deducted by your employer or pension provider and you won’t usually need to complete a tax return. But if you have more complicated tax affairs you may need to complete a self assessment tax return.
There are certain circumstances in which you will always need to complete a tax return, for instance if you are:
- Self-employed
- A company director (except not for profit organisations)
- A minister of religion
- In receipt of rent or income from land and property in the UK
- In receipt of other untaxed income where tax due can’t be collected via PAYE
- In receipt of taxable income from abroad
- In receipt of annual income from a trust or settlement, or from the estate of a deceased person where further tax is due on that income
- A trustee or personal representative
- A trustee of certain pension schemes
- A name, or member of Lloyd’s
- An employee with more complex tax affairs
Self assessment tax return guidance – how we can help
At Nelsons, our self assessment tax return service can help you navigate these complexities. We can assist with:
- Preparing your self assessment returns in relation to your employment or pension income, savings and investments, rental income and any Trust income you may have.
- Personal tax computations.
- Capital Gains Tax service – we provide in-house, independent Investment Management services and our advisers can work with you throughout the tax year.
If you have more complex tax return needs, e.g. you are self-employed or there are international aspects, please get in touch with an accountant.
Our expertise
Our team keeps up to date with the latest tax processes and procedures so that we can always supply our clients with the best advice and service possible.
The team is recommended by the independently-researched publication, The Legal 500, as being one of the top teams of experts in the country, and also includes solicitors who are full members of Society of Trust and Estate Practitioners (STEP) – an international professional body for practitioners specialising in inheritance and succession planning.