Tax Guides

Stress-less tax returns (well almost)

Stress-less tax returns (well almost)

*Please note the information in this article may be out of date

Mike Parkes, our Self-Assessment expert, and Development Director at GoSimpleTax, explains how to make this as stress free as possible.

Gather all information soon!

Don’t delay. Get the required data together now. Make a checklist such as the one below to ensure you have everything avoiding unnecessary delays.

Documents and Information Checklist

Documents / Information Found Need to Find
National Insurance Number    
Unique Taxpayer Reference number or UTR    
Business/partnership name, address and company number if relevant    
The business’s annual income and expenditure    
Income earned from other employment    
Any rent they have received    
Interest paid on loans, credit cards or other credit    
Income from overseas    
Income received from a partnership    
Any dividends received    
Benefits received either from the state or an employer    
Capital gains received    
Gift Aid received    
Pension contributions    
Tax payments they have already made this year (payments on account)    

If you have an accountant or bookkeeper filing your return ask them to sign and register the 64-8 form earlier rather than later. This will make them officially recognised as your agent by HMRC, and able to act on your behalf.

Know what you need

You have your checklist of standard data required, but you may require extra information.

Perhaps you have a student loan. Maybe you (or your partner) are claiming Child Benefit. If there’s the slightest possibility your circumstances will affect how much tax you need to pay, you should be aware.

Be aware of possible penalties

Submitting the Self-Assessment late comes with penalties, so be aware of these and know how you will need to provide all the necessary data to ensure they avoid them.

Check for mistakes now

It’s possible that, when you have gathered your information together, you may have missed something out or made an error.

So, once you’ve collated everything you need look at it as soon as possible. You’ll want to guarantee that nothing doesn’t quite add up or has been excluded.

Minimise errors with tax software

The chances of any mistakes can be reduced through Self-Assessment tax return software. It will take all the administrative work off your hands, ensuring the numbers are correct.

Think ahead for Making Tax Digital

With Making Tax Digital over the horizon begin converting to a software such as GoSimpleTax and utilise its income tax calculator and submission tool for your business. Giving you full visibility of your tax liability in real time whilst giving and reviewing your pension contributions and investment opportunities.


Simple TaxOur Favourite Tax App?
It's Simple

ListenToTaxman has teamed up with GoSimpleTax, online Self Assessment software to bring you, what in our view, is the easiest way of calculating and submitting your tax return we’ve seen so far.

Key in your income and expenses into the software, and it will flag up any unclaimed allowances. Simple. Once you’re comfortable with the information you’ve entered, simply submit via the software to HMRC. You’ll just need your Unique Tax Reference Number (UTR) found on most tax correspondence. GoSimpleTax software is free to try. If you don’t think it’s right for you - don’t pay anything. If you do choose to submit your tax information via the software, then you will pay £54.99 for an individual return – multiple returns and Parnerships are available too!