Tax Return Online Services Ltd

Tax Return Online Services Ltd Tax Return Online Services Ltd is an online Accountancy practice offering professional advice and assistance for all your accounting needs.

Tax Return Online Services Ltd was established in 2003 to offer a simple cost effective service which ensures your Self Assessment Tax Return is completed accurately and on time by a fellow ACCA* qualified accountant with over 25 years’ experience of tax and accounting laws and a registered agent. Thus freeing up your time and ensuring that you get all the tax benefits you are entitled to! Why was

te valuable time visiting an accountant when you can have the same professional level at the end of your computer. Please note that this is a personal service and you will be dealt with by the same Accountant at all times, unlike other online services this is not a “form filling” exercise but the same professional level of service you would receive at your local Accountants for a fraction of the price.

*ACCA – is the Association of Certified Chartered Accountants – http://www.accaglobal.com

If you have reservations about using an on-line accountant please visit the ACCA (Associated of Certified Chartered Accountants) site where you can search their data base to find my credentials; https://www.acca-business.org/dom/

19/05/2026

It is very nice and easy to work with you knowing you are very efficient and reliable. xx

I have some lovely clients - thank you x

05/05/2026

Take control of VAT returns and schemes with our help

Source : HMRC

From getting started to managing VAT returns or accounting schemes, we’re here to support you every step of the way.

Join our live webinars during which you can ask questions by using the on-screen text box:

VAT – the basics and the VAT return

Why not register for our webinar covering the VAT basics and your VAT return. We’ll be discussing:

• What VAT is and charging VAT
• Standard VAT accounting
• Paying your VAT bill
• What to do if you make a mistake
• Cancelling your VAT registration

VAT accounting schemes

For an overview of the VAT accounting schemes, register for this webinar, during which we’ll be covering:

• The Cash Accounting Scheme
• The Flat Rate Scheme
• The Annual Accounting Scheme

VAT – using the Flat Rate Scheme

Register for our webinar about using the Flat Rate Scheme and find out about:

• What the Flat Rate Scheme is and how you can use the scheme
• When you can reclaim VAT for capital expenditure
• What to do if you have more than one business
• How to fill in your VAT return
• Record keeping

Please note that the webinars above won’t be covering other VAT accounting schemes, or how to deal with VAT when trading with other countries.

You can also explore various playlists for tailored content on HMRC’s YouTube channel, such as 'Registering for and paying VAT'.

Don’t miss out. Subscribe to HMRC’s YouTube channel and you’ll be the first to know about our new videos.

05/05/2026

Take steps now for Making Tax Digital for Income Tax
Source: HMRC

If you get income from self-employment and/or property, you’ll legally need to use Making Tax Digital (MTD) for Income Tax from the following dates:

• April 2026, if your turnover is over £50,000 in the 2024 to 2025 tax year

• April 2027, if your turnover is over £30,000 in the 2025 to 2026 tax year

• April 2028, if your turnover is over £20,000 in the 2026 to 2027 tax year (the government has set out plans to introduce legislation to lower the qualifying income threshold to this level)

Getting ready for MTD
The following webinars will help you understand the necessary steps that landlords, joint property owners and business will need to take to prepare for MTD:
• for businesses, register here for our webinar 'How to get ready for MTD if you are a business'

• if you receive income from property, register here for our webinar 'Get ready for Making Tax Digital – landlords and joint property owners'

During them, we’ll cover:
• the requirements of MTD for Income Tax
• practical steps you can take to prepare your business
• the rules, who will be affected and when
• making informed software choices
• authorising your agent, if applicable, and signing up to MTD
• utilising any benefits and opportunities

How to get ready for MTD for Income Tax if you’re a sole trader or landlord without an accountant or bookkeeper
If you’re a sole trader or landlord without an accountant or bookkeeper, register for this webinar for the latest information about MTD, to help you get ready for when MTD for Income Tax which is now a legal requirement from April 2026 for those with a turnover of over £50,000. We’ll look at:
• planning for MTD for Income Tax – understanding the rules and work out if you’re affected and when
• how to prepare for MTD for Income Tax, including what you need to do
• the actions you will take and signing up for MTD for Income Tax
• using MTD for Income Tax – following the rules and consider how you can utilise any benefits and opportunities

You’ll also find useful short videos, including 'How do I sign up for Making Tax Digital for Income Tax' – available on HMRC’s YouTube channel.

22/04/2026

Practical guide to payroll for directors

Source: HMRC

Are you responsible for payroll – including director payroll?

Get a better understanding of tax and National Insurance (NI) for directors by joining our live webinar. If you’ve got a question, pop it into the on-screen text box at any time throughout the webinar.

Company directors – payroll and you
Register for our webinar about payroll for directors, during which we’ll be covering:

• the tax and NI treatment of payments to directors
• expenses and benefits
• payroll information that must be submitted to HMRC
• keeping accurate records

You’ll also find useful short videos, such as 'When and how to pay PAYE' – available on HMRC’s YouTube channel.

Don’t miss out! Subscribe to HMRC’s YouTube channel and you’ll be the first to know about our new videos.

18/04/2026

Statutory payments – sickness and new baby basics
Source: HMRC

When an employee is off sick or welcomes a new baby, it helps to know who is eligible for statutory payments, what they should receive, and how long the payments will last.

For more information, including dates and rates, join our live webinars – during which you can ask questions by using the on-screen text box:

Statutory Maternity and Paternity Pay

Why not register for our live webinar covering Statutory Maternity and Paternity Pay for information about:

• the qualifying conditions
• how much to pay, using the online calculator
• how to claim back these statutory payments
• keeping in touch days
• record keeping

Statutory Sick Pay

Register for this live webinar about Statutory Sick Pay (SSP), during which we’ll be looking at:

• the qualifying conditions and entitlement to receive SSP
• how to calculate and pay SSP
• the effect of company sick pay, agency, casual and part-time employees on SSP
• essential record keeping

You can also find short YouTube videos including 'How do I use payroll software to send reports to HMRC', available on HMRC’s YouTube channel.

Finally, don’t miss out! Subscribe to HMRC’s YouTube channel and you’ll be the first to know about our new videos.

08/04/2026

HMRC is sending tax letters to savers who exceeded allowances

Source: https://share.google/aimode/RToVYJBQjpBRj7E5h

HM Revenue and Customs (HMRC) is currently sending "nudge" letters to nearly 900,000 savers who may have exceeded their tax-free Personal Savings Allowance (PSA).

Why Is This Happening Now?
• Rising Interest Rates: Higher rates on savings accounts (often 5% or more) mean savers are hitting their tax-free limits much faster than in previous years.
• Frozen Allowances: The PSA has remained static since 2016, while frozen income tax thresholds have pushed more people into higher tax brackets, which simultaneously reduces their savings allowance.
• Automated Data Matching: Banks and building societies automatically report interest earnings directly to HMRC. HMRC is using this data to identify discrepancies between reported interest and tax paid.
Personal Savings Allowance Thresholds (2025/26)

The amount of interest you can earn tax-free depends on your annual income:

Income Tax Band Annual Income Range Tax-Free PSA

Basic Rate (20%) Up to £50,270 £1,000
Higher Rate (40%) £50,271 – £125,140 £500
Additional Rate (45%) Over £125,140 £0

• Note: Savers with low non-savings income (below £17,570) may qualify for an additional Starting Rate for Savings of up to £5,000.
What the Letters Mean for You
• Tax Code Adjustments: For those employed or receiving a pension, HMRC may automatically adjust your PAYE tax code to collect the owed tax through monthly salary deductions.
• Simple Assessment: You may receive a Simple Assessment letter detailing a calculation of tax due if you are not in the Self Assessment system.
• Action Required: If you receive a letter, you should check your annual bank interest statements against HMRC's figures.
o If correct: The tax will likely be collected automatically via PAYE or you may need to pay a one-off bill.
o If incorrect: Contact HMRC immediately with your bank statements to rectify the record.
• Deadlines: If you believe you owe tax but have not received a letter by 31 March, you must contact HMRC proactively to avoid potential late payment penalties (initially 5% of the tax owed).
Ways to Minimize Savings Tax
• ISAs: Interest earned in Individual Savings Accounts is entirely tax-free and does not count toward your PSA.
• Premium Bonds: Winnings from NS&I Premium Bonds are tax-free.
• Spousal Splitting: You can move savings to a spouse or civil partner who is in a lower tax bracket to utilize their PSA.
Are you concerned that a recent interest payout from a fixed-term bond might have pushed you over your allowance this year.

08/04/2026

National Minimum Wage rates increase from 1 April 2026

Source: HMRC

The National Minimum Wage (NMW) and National Living Wage (NLW) rates
increased on 1 April 2026. We have outlined the key steps you need to
take and where to find support.

You can find more information on the new minimum hourly pay rates for
workers and apprentices on GOV.UK.

APPRENTICES

Apprentices are entitled to the apprentice rate if they are either:

• aged under 19

• aged 19 or over and in the first year of their apprenticeship

What you need to do now:

• check the new rates and identify which members of staff could be affected

• review any deductions, salary sacrifice schemes or unpaid working time, as these can affect whether you are meeting your NMW obligations as an employer, mistakes are common and often unintentional

GUIDANCE AND SUPPORT

Calculating NMW correctly involves more than simply applying the right hourly rate. Visit GOV.UK and search 'calculating the minimum wage.

HMRC has a catalogue of free recorded webinars available, which you can watch at any time to help you avoid mistakes. They include information on topics such as 'salary sacrifice', 'working time', 'helping employers get things right', and 'common mistakes and how to spot them'. You can find these webinars on GoToStage.com.

To note that from April 2027, HMRC’s National Minimum Wage team is due to transfer to the newly established Fair Work Agency (FWA).
The FWA is a key part of the government’s Make Work Pay plan which aims to tackle low pay, poor working conditions and poor job security.

Until April 2027, HMRC will continue to be responsible for all NMW enforcement and compliance work, operating under contract to the FWA. During this transition period, you should continue to engage with NMW in the same way that you do now.

01/04/2026

When is an umbrella company not an umbrella company

A link below to an interesting article on umbrella companies by accounting web

When is an umbrella company not an umbrella company? | AccountingWEB

18/03/2026

Update on Companies House WebFiling security issue

Source: Companies House

On Friday 13 March, Companies House was made aware of a security issue with our WebFiling service. We closed the service while we investigated and resolved the issue. The service has been independently tested and is back online as of 9am on Monday 16 March.

For more information, please read our statement on GOV.UK
Please share this information with your clients and customers. We are also emailing every company’s registered email address to make them aware of this issue and explain what steps to take if they have any concerns.

You can view a copy of this email on GOV.UK
We recognise that this incident will have caused concern and inconvenience to many of the companies and individuals who rely on our services. Companies House takes its responsibility to protect the data entrusted to us extremely seriously and we have taken swift action to secure and restore our service and are committed to doing everything in our power to support those affected.

11/03/2026

Parties, presents and PSAs

Source: HMRC

If paying expenses and providing benefits to your employees is part of your payroll responsibilities, we’re here to help you get it right with our support online.For the information you need, join our live webinars, during which you can ask questions using the on-screen text box:Register for our webinar about social functions and parties, during which we’ll be looking at:
You can register for our webinar about trivial benefits which looks at:

• what a trivial benefit is
• what conditions have to be met to be exempt from reporting to HMRC
• examples of trivial benefits scenarios
• what your responsibilities are
• record keeping requirements

For information about PAYE Settlement Agreements (PSAs), choose from our playlist of short videos – available on HMRC’s YouTube channel.

Finally, don’t miss out! Subscribe to HMRC’s YouTube channel and you’ll be the first to know about our new videos

10/03/2026

Your guide to VAT returns and schemes

Source: HMRC

Whether you’re just starting out or need help with VAT returns or accounting schemes, we’re here to support you.

Join our live webinars during which you can ask questions by using the on-screen text box:

VAT accounting schemes

For an overview of the VAT accounting schemes, register for this webinar, during which we’ll be covering:

• the Cash Accounting Scheme
• the Flat Rate Scheme
• the Annual Accounting Scheme

VAT – the basics and the VAT return

Why not register for our webinar covering the VAT basics and your VAT return. We’ll be discussing:

• what VAT is and charging VAT
• standard VAT accounting
• paying your VAT bill
• what to do if you make a mistake
• cancelling your VAT registration

VAT – using the Flat Rate Scheme

Register for our webinar about using the Flat Rate Scheme and find out about:

• what the Flat Rate Scheme is and how you can use the scheme
• when you can reclaim VAT for capital expenditure
• what to do if you have more than one business
• how to fill in your VAT return
• record keeping

Please note that the webinars above won’t be covering other VAT accounting schemes, or how to deal with VAT when trading with other countries.

You can also explore various playlists for tailored content on HMRC’s YouTube channel, such as 'Registering for and Paying VAT@

Don’t miss out! Subscribe to HMRC’s YouTube channel and you’ll be the first to know about our new videos.

Address

King's Lynn
PE31

Telephone

+441485601499

Website

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