PERSONAL TAX RETURN AND SELF EMPLOYED ACCOUNTS

As a self employed or individual (or sole trader – same thing), you need to complete a personal tax return every year – up to 5 April and submit the tax return by 31 January where you pay the tax on your earnings.

Your earnings will be self employed and could be employed as well (you can be both!).

If your tax bill is over £1,000 you’ll have to pay tax on 31 July as well and watch out for your first tax bill, if this is over £1,000, you have to pay one year and a half’s worth.

We have hundreds of self employed individual all over the country, some have been clients for 10 years!