Personal Tax Returns

Personal tax requirements and submitting tax returns can be difficult and complex to deal with.

Malones Accounting can assist in minimising your tax liabilities whilst ensuring accurate compliance with HMRC regulations.

Prices starting from £200 per return

We can take care of your Personal Tax returns

Whether you’re an individual, sole trader, or part of a business partnership, choose our personal tax service for peace of mind when it comes to keeping on top of your income tax obligations.

What is a Personal Tax return?

Also referred to as a ‘Self-assessment tax return’, a personal tax return is where Income tax is collected by HMRC through their self-assessment system.

It is typically deducted automatically from salaries and pensions, but individuals and businesses with additional income must declare it on a self-assessment tax return.

This is a detailed form submitted to HMRC which includes income, expenses, and the overall financial position of an individual or business.

Do I need a personal tax return?

You are required to file a self assessment tax return if you meet any of the following criteria in the last tax year:

  • You were self-employed as a ‘sole trader’ and earned over £1,000.

  • You were a partner in a business partnership.

  • Your total taxable income exceeded £100,000.

  • You were liable to pay the High Income Child Benefit Charge.

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