Who it’s for
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Sole traders and freelancers
If you earn more than £1,000 a year from self-employment, you need to register for Self Assessment.
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Landlords
Rental income usually needs to be reported on a tax return, and landlords with qualifying income over £50,000 now fall within Making Tax Digital for Income Tax.
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People with gains to report
If you sell a second property, shares or other assets, Capital Gains Tax may be due.
Our personal tax services
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Registration Obligations
We set up and fulfil all registration requirements, ensuring you are compliant from the start.
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Record-Keeping Support
Our team provides comprehensive support for maintaining accurate and organised records, reducing the risk of errors.
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Important Date Notifications
We keep you informed about critical dates and payment deadlines, so you never miss an important milestone.
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Capital Gains Tax Support
Our experts offer guidance and support on all matters related to Capital Gains Tax, ensuring you understand your obligations and opportunities.
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Tax Return Filing
We assist with the accurate filing and timely submission of your tax returns, alleviating the stress of meeting deadlines.
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Tax Savings Optimisation
Our team identifies and maximises tax reliefs and exemptions to ensure you benefit from all possible tax savings.
How we work
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Check what you need to file
We confirm whether you need to register, which parts of the return apply to you and whether Making Tax Digital for Income Tax affects you.
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Gather your records early
We tell you exactly what we need well before the deadline, so nothing is left to the last week.
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Prepare and file your return
We calculate your tax, check the reliefs and allowances you can claim, and file the return online.
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Remind you what to pay
You receive a clear note of what is due on 31 January and 31 July, with reminders before each date.
What we need from you
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Your UTR
Your Unique Taxpayer Reference, or we help you register if you do not have one yet.
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Records of your income
Invoices, bank statements, rental statements, P60s or P45s, and details of any other income.
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Records of your expenses
Receipts and records of the costs you want to claim.
Key dates and figures
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5 October
Deadline to tell HMRC you need to file, following the end of the tax year in which you need to start.
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31 October
Deadline for a paper tax return.
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31 January
Deadline for an online return and for paying the tax you owe. It is also the date of the first payment on account.
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31 July
Deadline for the second payment on account.
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£50,000
Qualifying income above which sole traders and landlords must use Making Tax Digital for Income Tax from 6 April 2026. The threshold falls to £30,000 from April 2027 and to £20,000 from April 2028.
Figures and dates as published on GOV.UK for the 2026/27 tax year. They can change, usually at a Budget or in April.
Frequently asked questions
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What is Making Tax Digital for Income Tax?
Sole traders and landlords with qualifying income over £50,000 must now keep digital records and send HMRC quarterly updates through compatible software, followed by a tax return after the end of the year. More people join in 2027 and 2028 as the threshold drops.
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What if I miss the 31 January deadline?
HMRC charges a £100 penalty straight away, even if there is no tax to pay, and further penalties and interest can follow the longer the return stays late.
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Do I need to report selling a property?
If you sell a UK residential property and Capital Gains Tax is due, you must report and pay within 60 days of completion. Individuals have an annual exempt amount of £3,000 for gains.
Other services
Have a question about this service?
Call 020 3417 4242 or email info@piyaaccountancy.co.uk, and we will explain what is involved and what happens next, in plain English, before you commit to anything.
