[April 2025]: It’s now time to start the process of claiming your tax refund if you are a sub-contractor working within the Construction Industry Scheme (‘CIS’). Refunds are usually fast through Taxfile. What's more, we've reduced our prices this year for CIS customers earning less than £40k (click here for details).

What you need to do

Don't delay - book an appointment with Taxfile today or call 0208 761 8000 and we'll sort it all out for you. We have staff who speak English, Polish, Pashto, Dari, Russian, Malayalam, and Dutch, should you need them on the day. Our Tulse Hill office is at 25 Thurlow Park Road, London SE21 8JP. Call 0208 761 8000 or book an appointment — the first 20 minutes is free! Alternatively, you can have a 'virtual' appointment with us on Zoom, Teams, Google Hangouts, Skype, FaceTime, WhatsApp or whatever you prefer.

We’re open from Monday to Saturday in April & May including early evenings on Mon/Tues

Our Tulse Hill office is open 6 days a week during April & May and offers Saturday morning appointments plus early evening appointments on Mondays and Tuesdays if standard office hours do not suit you (please see the footer of this website for details or simply call us).

Check List:

The post CIS Sub-contractors – Claim Your Tax Refund Now! appeared first on Taxfile.

[As at 31 January 2025]: The 31st January is THE FINAL DEADLINE by which you need to file your Self Assessment tax return with HMRC. If you miss that deadline (11.59pm on 31st), you risk a £100 HMRC fine right away plus other significant penalties thereafter. Interest will also be charged from 1 February if tax is not paid by midnight on 31 January (rules apply).

Time is running out, so contact Taxfile for help with your tax return as soon as possible please. Book an appointment* with one of our helpful tax advisors and accountancy experts TODAY and we'll make filling in and submitting your tax return simple!

The post 31 January Was the Tax Return Deadline! appeared first on Taxfile.

Taxfile is open on Saturday mornings in January, by appointment. Saturdays might be useful if you need to see us for your 2023/24 tax return, or any other accountancy work, but can't do it on a weekday. Saturday slots are limited; there are only 4 Saturdays available in January and opening times will be from 9am until 1pm. So, please book in today if a weekend appointment suits you — before slots are all taken. Late appointments are also available on Mondays, when we open until 6pm, or choose any other weekday if you can come earlier. Please see the footer of our website for latest opening times.

Book in on 0208 761 8000 or book your appointment online (here). We are happy to do virtual (video/phone) or physical appointments at our Tulse Hill office in Thurlow Park Road — whichever suits you best.

The post Saturday Appointments in January – Book Now for Tax Returns Etc. appeared first on Taxfile.

Are you a sole trader or in a partnership? 

Do you have different accounting dates from the standard 6th of April to the 5th of Apri?

If you answered YES to both questions, some IMPORTANT changes will apply for the tax year 2023-24.

The concept of the basis period determines the time frame used to calculate taxable profits or losses for self-employed individuals, partnerships, and some trusts.  It marks a departure from the traditional "current year" basis, where business profits were taxed based on the accounting period ending within the tax year. Instead, it introduces a "tax year" basis, aligning taxable profits with the UK's standard tax year, running from 6 April to 5 April.

The post Understanding Basis Period Reform for Self-Assessment Tax in the UK appeared first on Taxfile.

[As at 1 February 2023]: The 31st January was the Self Assessment tax return and tax payment deadline. Miss the deadline and you'll be in for a £100 HMRC fine right away. Interest will also be charged from 1 February, as usual, if tax is not paid by midnight on 31 January (rules apply). Time is short, so contact Taxfile for help with your tax return as soon as possible please. Book an appointment* with one of our helpful tax advisors and accountancy experts TODAY — we'll make it easy!

[av_buttonrow alignment='center' button_spacing='5' button_spacing_unit='px' alb_description='' id='' custom_class='' template_class='' av_uid='av-2y1ep2' sc_version='1.0' admin_preview_bg='']
[av_buttonrow_item label='020 8761 8000' icon_select='yes' icon='ue854' font='entypo-fontello' link='manually,tel:02087618000' link_target='' size='medium' label_display='' title_attr='' color_options='color_options_advanced' color='theme-color' custom_bg='#444444' custom_font='#ffffff' btn_color_bg='custom' btn_custom_grad_direction='vertical' btn_custom_grad_1='#000000' btn_custom_grad_2='#ffffff' btn_custom_grad_3='' btn_custom_grad_opacity='0.7' btn_custom_bg='#febe10' btn_color_bg_hover='custom' btn_custom_bg_hover='#edb009' btn_color_font='black' btn_custom_font='#ffffff' btn_color_font_hover='white' btn_custom_font_hover='#ffffff' border='none' border_width='' border_width_sync='true' border_color='' border_radius='20' border_radius_sync='true' box_shadow='none' box_shadow_style='3px,3px,2px,2px' box_shadow_color='' hover_opacity='' sonar_effect_effect='' sonar_effect_color='' sonar_effect_duration='1' sonar_effect_scale='' sonar_effect_opac='0.5' av_uid='av-kya0175q' sc_version='1.0']
[av_buttonrow_item label='Book Appointment' icon_select='yes' icon='ue85b' font='entypo-fontello' link='manually,https://taxfile.appointy.com/' link_target='_blank' size='medium' label_display='' title_attr='' color_options='color_options_advanced' color='theme-color' custom_bg='#444444' custom_font='#ffffff' btn_color_bg='custom' btn_custom_grad_direction='vertical' btn_custom_grad_1='#000000' btn_custom_grad_2='#ffffff' btn_custom_grad_3='' btn_custom_grad_opacity='0.7' btn_custom_bg='#febe10' btn_color_bg_hover='custom' btn_custom_bg_hover='#edb009' btn_color_font='black' btn_custom_font='#ffffff' btn_color_font_hover='white' btn_custom_font_hover='#ffffff' border='none' border_width='' border_width_sync='true' border_color='' border_radius='20' border_radius_sync='true' box_shadow='none' box_shadow_style='3px,3px,2px,2px' box_shadow_color='' hover_opacity='' sonar_effect_effect='' sonar_effect_color='' sonar_effect_duration='1' sonar_effect_scale='' sonar_effect_opac='0.5' av_uid='av-kya0175q' sc_version='1.0']
[av_buttonrow_item label='Get Started Here' icon_select='yes' icon='ue897' font='entypo-fontello' link='manually,https://www.taxfile.co.uk/tax-returns/' link_target='' size='medium' label_display='' title_attr='' color_options='color_options_advanced' color='theme-color' custom_bg='#444444' custom_font='#ffffff' btn_color_bg='custom' btn_custom_grad_direction='vertical' btn_custom_grad_1='#000000' btn_custom_grad_2='#ffffff' btn_custom_grad_3='' btn_custom_grad_opacity='0.7' btn_custom_bg='#febe10' btn_color_bg_hover='custom' btn_custom_bg_hover='#edb009' btn_color_font='black' btn_custom_font='#ffffff' btn_color_font_hover='white' btn_custom_font_hover='#ffffff' border='none' border_width='' border_width_sync='true' border_color='' border_radius='20' border_radius_sync='true' box_shadow='none' box_shadow_style='3px,3px,2px,2px' box_shadow_color='' hover_opacity='' sonar_effect_effect='' sonar_effect_color='' sonar_effect_duration='1' sonar_effect_scale='' sonar_effect_opac='0.5' av_uid='av-kya0175q' sc_version='1.0']
[/av_buttonrow]

The post 31st January was the Self Assessment Tax Return Deadline! appeared first on Taxfile.

Today we look at the tax-free allowance thresholds for what's officially known as the tax-free Personal Allowance in the tax and accountancy world.

The Tax-Free Personal Allowance

This is the amount a UK individual can earn as income before they have to pay any Income Tax. In the current tax year ...

The post Tax-Free Personal Allowance Thresholds & Tax Bands (2022/23 to 2016/17) appeared first on Taxfile.

The post Making Tax Digital for Income Tax Self Assessment (MTD IT). Are you ready? appeared first on Taxfile.