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Tax Accountant Preston
Welcome to Tax Accountant Preston Tax Advisors & Experts
Expert tax solutions designed for Preston residents & companies. Our Preston Tax Advisors and Experts provide dependable Tax Guidance in every facet. Rely on our compliant, client-centric assistance whenever you need it.
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Preston Accountant
Specialist Tax Accountant Preston Local Tax Advisors
At UK Tax Accountant, our Chartered Accountants and Chartered Tax Advisers collaborate closely with former HMRC Inspectors to deliver tax accounting and consultancy throughout Preston. We have supported locals and small firms with unwavering support. For clear, professional tax advice, trust our team to manage your needs with expertise and dedication expertly. We deliver comprehensive updates at every stage, ensuring you feel informed and confident.
Tax Consultants
Tax Experts
Your Tax Compliance is Our Top Priority
PRESTON TAX SPECIALIST A RELIABLE TAX ADVISORY SERVICE
We provide dependable tax advisory services for individuals and businesses in Preston. From self-assessment and strategic planning to HMRC disputes and international tax matters, our expert team ensures clarity, confidence, and compliance every step of the way.
- Specialists in cross-border and foreign tax matters
- Personalised support for individuals, businesses & expats
- Proactive approach with year-round support and insight
We understand tax can be complex and time-consuming. Our mission is to simplify it, offering expert guidance, personalised service, and year-round peace of mind.
Do you need help with your Tax Return Filling?
Schedule a free 30‑minute consultation to discuss your personal tax compliance.
Whether you need help with simple tax returns or complex issues, we’ve designed our service to ensure you feel supported, informed, and in control every step of the way.
Get expert tax advice without visiting an office. Our virtual consultations can review, plan, and resolve your tax matters.
Book a consultation with a tax expert to identify any issues and receive the most effective strategy for future compliance.
Appointments can be scheduled online, by phone, or in person with a tax advisor. Contact our office to discuss your needs and next steps.
The values we live by
Honesty guides everything we do. We believe in transparent advice, accurate reporting, and doing what’s right for our clients every time.
We live and breathe tax. Our expert team delivers up-to-date, accurate advice so clients stay compliant, efficient, and ahead of the curve.
Every client matters. We take time to listen, understand your needs, and deliver personalised tax solutions with care and attention to detail.
OUR SERVICES
Our Practice Areas
We are a team of specialist tax advisors who are delivering expert guidance on tax compliance, international tax, HMRC investigations, business structuring, capital gains, inheritance tax, corporation tax and self assessment services.
We know personal taxes can be overwhelming. With us, your returns are accurate, on time, and tailored to your unique life.
We know running a business is hard enough. Let us handle your business taxes so you can focus on growth with confidence.
We know smart planning makes a difference. Our tax strategies help you stay compliant, save more, and plan for the future.
We know living abroad brings tax challenges. Whether in or out of the UK, we make your expat taxes smooth and stress-free
We know HMRC enquiries can be daunting. Count on us for expert support and peace of mind during your tax investigation.
We know unfair tax bills cause stress. If you disagree with HMRC, we’ll guide your tax appeal with precision and confidence.
We are leading network of qualified accountants, tax advisors and specialist business consultants in United Kingdom
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To your situation
Your Questions - Our Answers
We are here to help you with any questions you may have
What does a Tax Accountant in Preston do?
Our Preston Tax Accountant team will help you meet all your tax duties. They prepare and file Self-Assessment tax returns if you are self-employed or have extra income. They deal with Capital Gains Tax returns when you sell assets like property or shares. For companies, they handle your Corporation Tax return. If you earn abroad, they manage Foreign Income tax returns and Worldwide Disclosure filings. Non-resident landlord’s tax return support is offered to owners letting UK property from overseas. They also guide you through the Let Property Campaign disclosure if you have undeclared rental income.
When HMRC raises queries, our Tax Expert can help with HMRC Tax investigations, VAT investigations, and PAYE compliance checks. We also assist and advice on Code of Practice 9 investigation and Contractual Disclosure Facility for historic mistakes and tax evasion. Our skilled team gives advice on planning, helps minimise liabilities, and ensures you stay compliant. They track deadlines, liaise with HMRC, and answer any questions you have about tax law.
Choosing a Preston Tax Accountant means you get someone who understands local business needs and UK tax rules. We can save you time, reduce stress, and often save you money by claiming every relief you’re due. If you need simple filing or complex dispute support, our Preston Tax Experts are here to help.
How do I file a Self-Assessment tax return in Preston?
If you are self-employed, a landlord, or have other untaxed income, you must file a Self-Assessment tax return each year. First, you must register online with HMRC before October 5, following the end of the tax year. You will receive a Unique Taxpayer Reference (UTR). Then, gather your records, including income, expenses, PAYE details, dividend statements, and any capital gains.
Next, you log into the HMRC online portal using your Government Gateway credentials. You choose the “Complete your Self-Assessment” service. Follow each section in turn: personal details, income sources, expenses, reliefs, and declarations. The system will calculate your tax, including Class 2 and Class 4 National Insurance if you run a sole trader business.
If you need help, our Preston personal tax specialist can prepare and file the return on your behalf. We will also advise on legitimate deductions, such as business expenses, and on deadlines to avoid late-filing penalties. Your Tax Accountant ensures your return is accurate and submitted on time—by January 31 for online returns or October 31 for paper forms.
Payment of any tax owed is also due by January 31. You can pay by bank transfer, debit card, or via Direct Debit. If you prefer, instalment plans (Payments on Account) can spread large bills. Our team can help set these up. Filing a Self-Assessment does not need to be stressful. With expert support, you get peace of mind, accuracy, and advice on reducing your tax bill.
Who needs to file a Capital Gains Tax return in Preston?
You must file a Capital Gains Tax (CGT) return if you sell or dispose of a UK residential property and make a gain. From April 6 2020, you must report the sale within 60 days of completion and pay any tax due. Gains on non-residential property, shares, or other assets over your annual allowance (£12,300 for 2024/25) may also require reporting on your Self-Assessment tax return.
Start by calculating your gain: sale proceeds minus acquisition cost, allowable costs (legal fees, stamp duty), and any reliefs (Private Residence Relief, Letting Relief). If you make a gain less than the annual allowance, you still need to report if it relates to residential property.
If you’re a non-resident but sold UK property, you’ll need to file a Non-resident landlord tax return or CGT return via the normal CGT Property Portal. Our Preston tax specialist will assist with registering for the service, calculate the gain in pounds sterling, and ensure timely deadlines are met. Timely and accurate CGT filing avoids penalties and interest. We can also advise on reliefs like Business Asset Disposal Relief (formerly Entrepreneurs’ Relief) or Gift Hold-Over Relief for certain transfers. Planning can significantly reduce your tax bill.
How do I file a Corporation Tax return for my Preston business?
All limited companies are required to file a Corporation Tax return (CT600) annually with HMRC. You must register for Corporation Tax within three months of starting to trade. Your Tax Accountant in Preston will prepare your statutory accounts, compute your taxable profits, and complete the CT600 form.
Details required include revenue, cost of sales, staff costs, capital allowances, and any R&D tax credits or other reliefs. The return covers your accounting period, usually 12 months. You file online via the Corporation Tax Service, and payment is due nine months and one day after the end of the period. Late filing or payment triggers penalties and interest.
Our team can check whether you qualify for deductions such as Annual Investment Allowance or specialised reliefs. We will also guide you through group scenarios if you have subsidiary companies. Our tax specialist can handle your company’s VAT returns, PAYE payroll, and compliance checks alongside your Corporation Tax.
If HMRC opens a Corporation Tax investigation or VAT investigation, we will represent you, gather evidence, and negotiate settlements. This support can save you significant stress and potential fines. By working with our Preston Company Accountant, you ensure your business meets all deadlines, claims every relief, and remains in full compliance.
Do I need to report Foreign Income, and how?
If you receive income from outside the UK—such as dividends, interest, rental income, or pensions—you must report it on a Foreign Income tax return or in the Foreign pages of your Self-Assessment, even if it’s taxed abroad. You may still owe UK tax after accounting for foreign taxes. Start by collecting statements of your gross income and any taxes withheld. Convert amounts into pounds at the official rate for the tax year, then complete the relevant section of your tax return.
Our Preston tax specialist can help you claim Foreign Tax Credit Relief correctly, ensuring you avoid double taxation, and can provide advice on UK tax treaties. For complex situations involving multiple foreign sources, a Tax Advisor can manage disclosures, including filing for any undeclared income from previous years to prevent penalties. Correctly reporting Foreign Income can protect you from HMRC investigations, which may arise if they suspect under-reporting.
What tax returns do non-resident landlords need?
Non-resident landlords letting property in the UK are required to file a Non-resident Landlord Tax Return annually with HMRC. If you live abroad and receive rental income, tax (20%) is withheld at source unless you apply to receive rent gross.
You need to register for the Non-resident Landlord Scheme and file your return by January 31 following the tax year, reporting rental income, allowable expenses (like repairs and mortgage interest), and any profit. Preston Tax Accountant can assist with registration, calculating net income, and preparing your return. They can also provide guidance on mortgage interest relief restrictions and local tax rules.
If you find undeclared rental income from previous years, the Let Property Campaign allows you to disclose it voluntarily, with help from our tax specialist in Preston, to submit correct figures and negotiate penalties. Engaging expert tax professional ensures compliance and avoids costly mistakes.
What is Worldwide Disclosure filing, and do I need it?
Worldwide Disclosure filing covers undeclared income and gains from UK and overseas sources for tax years since 2011/12. If you have any unreported income—rental, dividends, capital gains—you should consider a disclosure to HMRC. There are two main routes: the Contractual Disclosure Facility (CDF) for major delinquencies and the Let Property Campaign, which is specifically for residential rental income. CDF covers all taxes, including Self-Assessment, Foreign Income Tax, and Capital Gains Tax (CGT). You disclose your history, pay tax owed, interest, and a penalty based on cooperation.
Our team of Preston tax specialist will assess which route suits you. They’ll gather historical data, calculate liabilities, and prepare the submission. They handle correspondence with HMRC and argue for the lowest penalty under Code of Practice 9 in the event of an investigation. Disclosure before any HMRC enquiry is key. If HMRC opens an investigation under COP9, penalties can be higher. Our accountants are experienced in Worldwide Disclosure and HMRC Tax investigations and will guide you through, protect your interests, and secure the best possible outcome.
What is the Let Property Campaign disclosure?
The Let Property Campaign (LPC) allows UK landlords to come forward and declare undeclared rental profits for tax years 2013/14 to 2022/23. It’s a voluntary scheme designed for individuals who failed to report their UK residential rental income. Under LPC, you calculate your rental profit for each year, claim reliefs, and pay tax, interest, and a penalty between 0%–and 10%, depending on how quickly you disclose. You submit online via the HMRC portal by providing rental figures and personal details.
Tax Accountant preston can handle your LPC disclosure. We will calculate your profits, advise on allowable expenses, and fill out the online forms. We also help you choose the right payment plan if you need to spread your bill. Using LPC avoids harsher penalties under a later HMRC Tax investigation or Code of Practice 9. It’s often the easiest way to regularise past mistakes. Your tax specialist will ensure that your disclosure is accurate and submitted before any formal enquiry.
How can a Tax Specialist help with HMRC Tax investigations or Code of Practice 9?
If HMRC contacts you about missing tax, they may open a Tax investigation or a Code of Practice 9 (COP9) inquiry. COP9 applies where deliberate errors or concealment are suspected. HMRC will request records, may interview you, and will assess penalties up to 100% of the tax at stake.
Our tax specialist in Preston steps in as your representative. They gather and organise your records, prepare detailed responses, and negotiate with HMRC. They argue for the lowest penalty by demonstrating your cooperation, correcting errors early, and showing disclosure was not deliberate if that’s the case.
For less severe mistakes, standard Self-Assessment investigations carry penalties up to 30%. Our Tax Expert will appeal against unreasonable penalty assessments and set up reasonable payment plans if needed. With professional support, you avoid costly mistakes, lengthy correspondence, and undue stress. Your Preston Tax Accountant keeps you informed at every stage and works to secure the best possible outcome—even under the toughest investigations.
What support is available for VAT investigations and PAYE compliance checks?
VAT investigations examine your VAT returns, records, and payments, often focusing on high-risk areas like partial exemption or flat-rate schemes. HMRC may audit you in person or ask for documents electronically. Similarly, PAYE compliance checks look at your payroll records. HMRC ensures you have operated PAYE correctly, deducted employee tax and National Insurance, and submitted Real Time Information on time.
Preston Tax Accountant offers full support during these checks. We review your VAT and payroll processes in advance, suggest improvements, and prepare compliance files. If HMRC starts an investigation, your Tax Advisor liaises directly with officers, provides requested evidence, and challenges any unfair assessments.
Early professional intervention often limits the scope of the enquiry and reduces penalties. Whether you need routine PAYE compliance checks or full VAT investigation support, our Preston Tax Experts have the experience to guide you calmly through HMRC’s strict procedures.