Okay, so before we kick-off, let’s first check whether TAXO’D supports your tax filing requirements:
You can file your Tax Return using TAXO’D on any IOS device or our brand new web-app.
By default, TAXO’D operates within the current tax year. If you need to file your tax return form the previous year, you’ll need to jump back in time.
Do that by tapping the tax year date at the top of TAXO’D home screen on mobile and web-app, or by swiping right in the control panel on mobile.
TIP: To learn how you can quickly and easily catch up on last years tax return, read this article
To file your return, your Tax Profile must be 100% complete. (see image below)
Once you’ve reached the optimum 100%, you’ll be greeted with the Prepare to File button.
Scroll down the summary checklist and give each question a quick once-over.
Hit EDIT next to the question if you need to make any changes.
Only when you can look yourself in the mirror and honestly state ‘I declare; ‘I have answered all questions to the best of my knowledge’ – can you go ahead and hit THE BIG SHINY YELLOW FILE BUTTON.
So we can send and confirm your return with HMRC you’ll now need to enter your Government Gateway ID and password.
It’s so simple, it feels wrong. But that’s it, done. Are you ? Don't forget these TAXO'D top tax tips ;-) You’ve successfully filed your tax return with TAXO'D and the HMRC. 🙌 Go Team !
You’ll need to settle your tax bill through the .GOV website. In the near future (when HMRC catch up) you’ll be able to settle your tax bill directly through TAXO’D.
Until then, hit VIEW TAX BILL to see exactly how much tax you owe, this includes any payments on account you may owe.
Hit PAY TAX BILL and be sure you pay the full amount.
TAXO’D runs validation at the point of each entry within your tax profile to make sure what you’re entering is correct. You’ll only see an error if the information you’ve provided is incorrect.
If this is the case, you’ll see a notification notifying you of the error. Be sure to comb back through your questions and look for the question with the red error text and make the necessary changes.
When you submit your return, all your details and figures are cross-checked against HMRC’s calculations. Only once your details have been approved by HMRC will your tax return submission be successful.
If you should receive an error, it’ll most likely be that you’ve entered your UTR or NI number number incorrectly, (ya silly sausage) or, perhaps you’ve forgotten to activate your account online after registering as self-employed?
Should you find you made a mistake, or you want to update/make changes to your return, then this is made incredibly simple with TAXO’D.
Find out how to amend and resend your tax return in this article
After successfully filing your tax return with HMRC, it can take 1 to 2 days to show on your HMRC account.
Once you’ve paid your tax bill with HMRC, your payments will take 4 to 7 working days to show on your HMRC account.
We provide an end-to-end tax solution for all freelancers and most self-employed tax payers. Record as you go, know what you owe and file direct to HMRC. No Green Form. No More Accountants. All from your phone or desktop.
TAXO'D is a salary tax calculator. You record as you go (on your phone or your computer) day by day, throughout the tax year. As the weeks unfold and you are actively recording your income and expenses. With TAXO'D personal tax app - you will see in real-time displays the tax and National Insurance that you owe.With TAXO'D tax return software know exactly what tax you owe and when you owe it. Simple.
TAXO'D mobile tax tool does away with the need for an accountant, saving you further money and time. If you are earning money independently and responsible for your own taxes then sign up today. And find out why TAXO'D is the best self assessment software for freelancers and contractors.
Tax Sucks! Spend less time and money on it with TAXO'D tax filing app
Disclaimer: This is simply a guide and should not be treated as tax advice. Contact HMRC directly if you need tax advice.