Self Assessment Tax Returns

Personal tax return

Who must send a tax return ?

HM Revenue and Customs (HMRC) must receive your tax return and any money you owe by the deadline, midnight 31 January 2022

You must complete and submit a Personal Tax Return for the tax year 6 April 2020 to 5 April 2021.

  • If you are self-employed or a sole trader

  • If you are a higher-rate tax payer

  • If you are the Director of a limited company and get paid via dividends

  • If you receive rent or income from property in the UK

  • If you receive foreign income even if you don’t normally live in the UK

  • If you receive any form of untaxed income, capital gains or losses

  • If you have your own pension fund or certain savings/investments

  • If you receive other untaxed income specified by HMRC

Last year tax return information, sourced by HMRC

What happen if you miss the deadline ?

An initial £100 fixed penalty, which applies even if there is no tax to pay, or if the tax due is paid on time;
after 3 months, additional daily penalties of £10 per day, up to a maximum of £900;

after 6 months, a further penalty of 5% of the tax due or £300, whichever is greater; and
after 12 months, another 5% or £300 charge, whichever is greater.

There are also additional penalties for paying late of 5% of the tax unpaid at 30 days, 6 months and 12 months.

Why use MSR Group to do your Tax Return?

  • MSR Group accountants, we have saved our clients from getting penalty and help to free from stress and confusion.

  • We have helped to them to reclaim the expenses and tax refund.

  • Our Personal Tax accountants will complete your return to HMRC on your behalf of you.

  • Your dedicated accountant will advise you of your tax liability or tax refund

  • MSR Group will guarantee to complete and submit your return accurately, lawfully and on time

  • We continue to support and help ongoing personal tax issues.

  • We will be able to advise you on ways you can legally reduce your personal tax liability.

  • Enquire about all possible sources of income and advice regarding tax returns along with deadline reminders.

  • Application for correct tax code from HMRC, in case of error.

  • Calculation and application of tax credit.
    Preparation and electronic filing of tax return.
    Sending tax and income calculation through mail.


How We Can Support You?

Self Assessment

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020 8514 2678

MSR House, 329 Ley Street
Ilford, Essex IG1 4AA

MSR Tax return