Once we have received your information we calculate based on your income, minus your expenses to gives us a total profit. Click here to claim your tax rebate.
For example, if you earned £15,000 in the tax year 2019/20 this is how we would calculate it; Total income; £15,000 minus expenses; £2,000 equals total profit; £13,000
We use the profit to work out how much tax you either owe to HMRC or if you need to get a refund from HMRC for the tax year* and then we send you a copy of the draft for your approval. Once you have confirmed the draft we forward it to HMRC to get it processed. This can take up to 4 weeks for HMRC to process.
*If you are under CIS and have been paying tax throughout the year you may be eligible for a tax rebate.
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