How Much Do Accountants Charge For Tax Returns In The UK?

The cost depends on your business size, your requirements, the forms you need to file, and where you live. Accounting firms usually demand more, while freelancers offer less. But you won’t get skill or advice, and there is a potential risk. You can even get free help if you’re in a tax assistance program.

Filing tax returns can be tricky, especially if you have multiple income sources or run your own business. That’s why entrepreneurs seek professional accountants to ensure accuracy and stay updated with HMRC. One important question is, how much do accountants charge for tax returns in the UK?

In this guide, I explained tax accountants’ fees, what affects the cost, and why hiring an expert can be a smart investment for your peace of mind. After reading this article, You will get clear information about: What is a tax return, When Do You Need to File a Tax Return, Average cost of tax return services in the UK, Factors that affect accountants’ tax return fees, Why Do You Hire Accountants For Tax Returns. So, let’s start to read.

What Is a Tax Return?

A self-assessment tax return is an SA100 form, which is submitted to HM Revenue and Customs (HMRC) in the UK. After filing it, individuals or entrepreneurs know their income, expenses, and capital gains for a specific tax year. Even if you have no taxable income, you must file it if HMRC asks. If you don’t know why you need to file, contact HMRC for help.

Why It Matters? Proper filing helps you to: Pay the right tax, Avoid penalties and interest, Stay compliant with UK tax regulations.

When Do You Need to File a Tax Return?

According to the UK Gov Tax Compliance, you need to register for tax returns with HMRC by the deadlines. 

• For paper documentation, submit your file by 31st October 
• File your online returns by the 31st January
• For late filing, you have to pay £100 or more

Pro Tip:  To avoid this issue, hiring a professional tax preparer is your ultimate solution. 

Average Cost of Tax Return Services in the UK

90% freelance small business accountants in London charge from £126 to £400 monthly or on a project basis. Often, they charge hourly rates for extra services. Different accountants’ firms offer different competitive packages based on the project, including accounting, bookkeeping, taxation, and VAT. 

Tips: Ensure the accountants’ offered fee is transparent and there are no hidden charges or VAT.

Factors That Affect Accountant Tax Return Fees

Many factors affect a tax accountant’s charges for your tax returns. These factors are: Complexity of Your Financial Affairs, Record-Keeping Quality, Deadline Pressure, Location, Level of Expertise and Reputation. Accountants’ charges in London, East London, and South London are higher due to high living expenses. North London rates are cheaper, but quality is a factor.

Why Do You Hire Accountants For Tax Returns?

Accountants for tax returns ensure accuracy of filing, stay updated with the UK Gov laws, and avoid costly penalties. That’s why many taxpayers look for tax accountants. They ensure you get the most money back that you owe from your tax return. They are highly knowledgeable and experts on the tax laws. So, a professional can claim all your eligible tax reliefs, deductions, and often save you more than their fee.

Why Choose Tyytax for Your Tax Return?

We, Tyytax, are a prestigious small business accounting firm in London. We provide tax return services proudly with:

• We offer a wide range of tax services, including VAT
• Competitive packages for small to growing startups
• Clear pricing models, no extra or hidden charges
• Multilingual and expert services from our East & North London teams
• Use cloud-based software and tools like QuickBooks, Xero, and FreeAgent
• Based in London but serves all across the UK

Final Thoughts

Hiring a professional saves your valuable time, minimises errors, helps you organise, and submits your records timely. So, hire us to handle your tax return with confidence and turn your hard work into smart profit.