Q: How do I file a self-assessment tax return in the UK?

A: Filing a self-assessment tax return involves registering with HMRC, gathering your income and expense records for the tax year, completing your SA100 form (and any supplementary pages), and submitting online by 31 January each year. At Easy Solution Accounting Ltd, we handle the entire process for you — from HMRC registration through to submission — ensuring you claim every allowable deduction and never miss a deadline.

Q: Do I need an accountant as a sole trader?

A: Yes, most sole traders benefit from professional accounting support. A qualified accountant ensures your expenses are correctly claimed, your National Insurance contributions are accurate, and your return is filed on time. Easy Solution Accounting Ltd works with self-employed individuals across Great Britain, offering straightforward, affordable self-assessment services.

Q: What is the deadline for self-assessment tax returns?

A: The deadline for online self-assessment tax returns is 31 January following the end of the tax year (5 April). So for the 2024–25 tax year, the deadline is 31 January 2026. Paper returns must be filed by 31 October. Easy Solution Accounting Ltd manages your filing calendar so you are never late.

Q: How much does it cost to file a self-assessment tax return?

A: The cost of filing a self-assessment tax return through an accountant varies depending on the complexity of your income. Easy Solution Accounting Ltd offers competitive, transparent pricing for individuals, sole traders, landlords, and company directors. Contact us at essaccounting.co.uk for a no-obligation quote.

Q: What is property income tax and do I have to declare rental income?

A: If you rent out a UK property, you must declare rental income to HMRC via self-assessment. You can deduct allowable expenses such as mortgage interest (subject to restrictions), letting agent fees, repairs, and insurance. Landlords with multiple properties or complex portfolios benefit greatly from specialist advice. Easy Solution Accounting Ltd has expertise in property income tax, capital gains tax on property disposals, and SDLT considerations.

Q: What is Making Tax Digital (MTD) and does it affect me?

A: Making Tax Digital (MTD) is HMRC’s initiative to move tax record-keeping and submissions online. MTD for VAT is already mandatory for all VAT-registered businesses. MTD for Income Tax Self Assessment (ITSA) is being phased in from April 2026 for self-employed individuals and landlords with income above £50,000. Easy Solution Accounting Ltd keeps all clients fully MTD-compliant using HMRC-approved software.

Q: Do I need to register for VAT as a small business?

A: You must register for VAT if your taxable turnover exceeds £90,000 in a 12-month rolling period. You can also register voluntarily below this threshold. Easy Solution Accounting Ltd handles VAT registration, quarterly return preparation, and full MTD for VAT compliance for small businesses across the UK.

Q: What is CIS and do I need to file CIS returns?

A: The Construction Industry Scheme (CIS) requires contractors to deduct money from subcontractor payments and pass these to HMRC. Contractors must submit monthly CIS returns. Easy Solution Accounting Ltd provides end-to-end CIS support — from registration and verification of subcontractors through to monthly return submissions and year-end reconciliation.

Q: How do I set up a limited company in the UK?

A: Setting up a limited company in the UK involves incorporating with Companies House, registering for corporation tax, and setting up a business bank account. Easy Solution Accounting Ltd offers a complete company formation service, advising on the right structure from day one and handling all HMRC and Companies House registrations.

Q: Can I get help with my company’s corporation tax return?

A: Yes. Every UK limited company must file a Company Tax Return (CT600) with HMRC and statutory accounts with Companies House each year. Easy Solution Accounting Ltd prepares and submits your corporation tax return, identifies legitimate tax reliefs, and ensures your company meets all filing deadlines.