HMRC Self Assessment made easy with QuickBooks
Get ready for the HMRC Self-Assessment deadline
Take the stress out of tax time and have the confidence your taxes are done right with QuickBooks.
Prepare your Self Assessment tax return with confidence
Be confident about how much income tax you owe – all year round. QuickBooks will auto-calculate your figures and sort your expenses into categories.
Bulk transactions with little fuss
Tot up your income, expenses and mileage and add them to QuickBooks Self-Employed in one go.
Use reports to see where you stand
Add your tax profile and we’ll calculate your tax summary in an easy report that matches your SA103 form
QB Assistant is there to help
In the mobile app, ask your personal helper QB Assistant questions like 'How much did I earn last year?', 'What tax do I owe?' or practical questions like 'How do I upload a receipt?'
Frequently asked questions
How do I register for Self assessment?
Can I claim capital allowances?Also known as plant and machinery, capital allowances don’t just apply to heavy industry. Any kind of equipment, company cars, computers and office furniture count – but they must be bought rather than rented.
If I miss the deadline, how much will I be charged?You'll receive a penalty of £100 if you don’t meet the 31 January deadline. This will increase after 3 months if you still haven’t completed your Self Assessment.
Can I make changes after submission?Yes. You can correct mistakes from this year or previous years by logging in to your HMRC online account. But it goes without saying that it’s better to get everything right the first time.
Who needs to submit Self Assessment?You’ll need to submit a Self Assessment to HMRC if you work for yourself, even if you’re also employed elsewhere. Income from property rental can count, as does any regular income made from selling items. Claiming Child Benefit? If you or your partner earn more than £50,000, you’ll have to do a Self Assessment tax return too.
What can I claim back as expenses?Stock, office bills, subcontractor payments and the cost of marketing your business are all 'allowable expenses' but clothes aren’t (unless you wear a uniform) and neither is entertaining clients. You can also claim travel expenses but journeys to and from your place of work don’t count. If you work from home you can also claim back a percentage of your bills.
Do landlords have to submit Self Assessment?You'll need to submit a Self Assessment if you rent out a property and have earned:
- between £2,500 and £9,999 before your allowable expenses
- over £10,000 before allowable expenses
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