Tax accountants specialize in assisting you in preparation for Personal Tax Return. Tax Accountants meet with you to assess your financial necessities

1. Personal Tax Returns & Role of Tax Accountants in
UK
A Tax Return is either paper or online form on which one posts
details of his or her taxable income, and/or any capital gains (if
any) along with claims
on tax allowances and
reliefs on taxation. In
England, HM Revenue
and Customs (HMRC)
may subject a person
to a tax return; the
edict articulates that
you must fill it in. The aforementioned Authorities use the
information on the tax return to calculate out your tax bills and/or
think out if you qualify for a tax refund.
Who And When Should One Apply For a Tax Return?
Most of the taxpayers might not have to fill in the tax return form!
The form is filled by those whom the HMRC thinks are not using
the Pay as You Earn (PAYE) system for paying taxes! This means,
the tax return is not asked to be filled in by all/any such people

2. using the above system to pay taxes on his/her wages or an
occupational pension.
Moreover on following cases, the HMRC issues a tax return:
1. In case you are self-employed
2. In case you are a director of a company (which is not a Non
Profit Making)
3. In case you own a rental or other income property.
4. In case you’ve got some other income which is not taxed
before you get it and that the tax cannot be received through the
aforesaid PAYE system.
5. In case you receive Child Benefit and one of the members of
you family earns more than fifty thousand pound.
Dates & Deadlines
There are strict Deadlines for returning the tax returns which are
termed as the filing
dates. The paper tax
return must, by all
means; must be filed by
October 3st at the end
of each financial year
(as per HMRC
guidelines). In case of online filing, it must be sent by 31st of
January that follows the end of the financial year.

3. Moreover, it is noteworthy that if you file it late you might have
to adhere to the strict penalties related to the same.
Role of a Tax Accountant in Personal Tax Return
Tax accountants specialize in assisting you in preparation for
Personal Tax Return. Tax Accountants meet with you to assess
your financial necessities. A part of the meeting is to gather the
necessary documents like investment income statements, pay
stubs and so on. The accountant searches for tax deductions and
the credits in order that they might determine how much tax you
owe.
Looking for help on Personal Tax Return in England? Well, try
connecting Accounts Direct which is a reputed accountancy firm
who’d definitely love to help you out.
For more information about Personal Tax Return in England
Visit: www.account-direct.com