Tax compliance for individuals

Navigating your reporting requirements with confidence. We're here to provide guidance and advise at every step.

Self-assessment tax returns

Self-assessment can be daunting, but you don't have to face it alone. If you're uncertain about your reporting obligations, let us support you in making sure your returns are accurate and submitted on time.

Who needs to file?

You may need to file a return if you’re:

1.

Self-employed (earning over £1,000).

Why choose Larking Gowen?

We file over 7,000 tax returns a year, yet every client receives personal, proactive advice.

Our aim? To ensure full compliance and uncover any tax planning opportunities.

Wider compliance support

Wealth management

We’ll work alongside your financial advisor or stockbroker to help protect and grow your family wealth.

Divorce and separation

We provide sensitive, expert advice to minimise the tax impact of relationship breakdowns, especially where family businesses and jointly owned property are involved.

Property owners

Landlords can find detailed support on tax reporting obligations here.

Residence and overseas income

We advise on residence, domicile, and international income.

Disclosures and enquiries

If HMRC come calling, we’re in your corner. We’ll handle disclosures, negotiate on your behalf, and minimise penalties where possible. We also offer:

In-depth risk assessments of proposed transactions
Full disclosure preparation and submission
Strategic negotiation with HMRC
Ongoing compliance support

Our Tax Enquiry Protection Service covers the costs of defending against HMRC investigations.

Making Tax Digital (MTD)

The Government's plan to make tax digital comes into effect from April 2026. It will affect businesses and landlords, requiring them to maintain digital records and update HMRC each quarter using compatible software.

For individuals, those with qualifying income over £50,000 will be caught from April 2026, dropping to £30,000 from April 2027.

Qualifying income is the total gross income, before expenses are deducted, that you receive in a tax year from self-employment and property. To assess the qualifying income for a tax year, HMRC look at the tax return that was submitted the year before.

Whether you are an individual, sole trader, partnership or trust, Larking Gowen can offer a full service, from looking after your digital accounts and submitting quarterly returns, to giving advice on what steps to take to get compliant.

The services we provide include the following:

Timelines and guidance tailored to your circumstances
Software setup and training
Full compliance with MTD requirements

Click the button below to find further information on digital accounting and accounting software below.

Digital accounting services

Relevant Insights

Blog

Budget Summary for 30 October 2024: Key changes explained

Tax specialist and Larking Gowen Partner, Sally Farrow, summarises the key points on Wednesday’s Budget statement.

Blog

Do you need to file a Self-Assessment tax return?

Many people are surprised to learn that they need to file a tax return, especially if they pay income tax through PAYE. With the deadline to notify HMRC looming, we explain who needs to file a return.

Blog

Making Tax Digital (MTD)

Chris Bale discusses the latest on the incoming Making Tax Digital regime. He highlights the dates, pitfalls and advantages as well as how we can help.

Blog

UK pension contributions: Understanding the Annual Allowance and tapering

There’s a limit to the amount you can save in your pension pot. We explain how the Annual Allowance and tapering work and how these may affect your pension.