Fast, Easy & Hassle-Free Self Assessment Tax Returns
Join the thousands of self-employed individuals in the UK who choose Financial 247 to file their taxes! Experience the convenience and reliability that sets us apart.
Online Self Assessment Tax Return Services
At Financial247, we help self-employed individuals, CIS workers, freelancers, contractors, and small business owners across the UK file their self assessment tax returns quickly and accurately. Our HMRC-authorised accountants handle the whole process through a secure, fully online service built to save you time and maximise your tax refund.
Whether you need a CIS tax refund, a sole trader tax return, UTR registration, or expert help filing with HMRC, our experienced team guides you at every step. We've supported thousands of UK clients with reliable, hassle-free self assessment filing — no jargon, no stress, no hidden fees.
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Frequently
Asked Question
Our team is here to help you every
step of the way. Get quick answers and expert support whenever you need it.
Our tax return service has a flat fee of £149 per application.
In very rare cases where extensive additional work is specifically requested, an extra charge may apply—but this would always be discussed and agreed upon in advance.
Tax refunds are usually received within 2 weeks after submitting the tax return. However, in some cases, it may take longer if HMRC conducts additional checks or requires further information.
Depending on your income sources, you may need to provide:
- P60/P45 (for employment income)
- Self-employment income records
- Rental income details
- Bank statements (if needed)
- Dividend statements (if you own shares)
- Pension contributions (if applicable)
If you miss the deadline, HMRC may issue penalties:
- £100 fine for late filing (even if no tax is due)
- Additional penalties if delayed beyond 3, 6, or 12 months
HMRC will send your refund directly to your bank account or by cheque. Refund processing typically takes 2–8 weeks.
If you are unable to pay your tax bill, you may be able to set up a Time to Pay arrangement with HMRC to spread payments over time.
We use encrypted systems to keep your data safe. Your information is only used for tax filing purposes and is never shared without your consent.
Yes, if you are self-employed or have rental income, you can deduct eligible expenses such as:
- Business-related travel costs
- Office expenses (e.g., phone bills, internet)
- Equipment and tools
- Professional fees (e.g., accountant fees)
You may need to file a tax return if any of the following apply to you:
Income-Based Criteria:
- Your total taxable income is over £150,000 (from April 2023).
- You are self-employed and earned more than £1,000 before expenses.
- You are a partner in a business partnership.
- You receive income from dividends, investments, or savings over £10,000.
- You made taxable capital gains above the annual allowance (£6,000 for 2023/24).
Employment & Director Status:
- You are a company director, and your income isn’t taxed solely through PAYE.
- You or your partner claim Child Benefit, and your income is over £50,000 (High Income Child Benefit Charge).
- You have untaxed income from tips, commission, or freelancing.
Property & Rental Income:
- You earn rental income from a UK property exceeding £2,500 after expenses.
- You receive rental income from overseas property.
Foreign & Residency Status:
- You have foreign income that’s taxable in the UK.
- You are a UK tax resident but earn income abroad.
- You are a non-resident with UK taxable income (e.g., rental property).
Other Situations:
- You received COVID-19 grants (SEISS grants) and were required to report them.
- HMRC sent you a notice to file a tax return (even if your income is below the threshold).
- You want to claim tax relief on work expenses over £2,500.
- You need to prove your income for a mortgage or visa application.
