Wondering if you can claim a tax refund or need to submit a tax return? Use our online tools to find out if you're owed money by HMRC.
Self Employed Tax Calculator
If you're self-employed, our tax return calculator is the first step to solving your Self Assessment tax return problems. To find out if you need to file a HMRC tax return and to get a quote for the RIFT tax return service, all you have to do is answer a couple of questions about:
- Your employment status.
- Your income details.
- And whether you've been sent anything by HMRC.
Need help with PAYE tax refunds?
Our self-assessment tax calculator is for anyone who needs to file Self-Assessment tax returns, like self-employed people, for instance.
One big reason why people need to file a tax return is because they’re claiming a tax refund from HMRC for work expenses of over £2,500. If you’re looking to claim a tax rebate, then our tax rebate calculator is the perfect first step. Better yet, when you claim your tax refund with RIFT, we handle all your Self Assessment paperwork along with it at no extra charge!Tax Rebate Calculator
Tax Return Calculator
How does the Self-Employed tax return calculator work?
Based on the answers you give, our self-employed tax return calculator will tell you whether you need to use Self Assessment. It will also give you a quote for the RIFT tax return service, so RIFT can prepare and send your tax return to HMRC for you.
For online tax returns, we can even get you registered with the HMRC system to start using Self Assessment. Don't leave it to the last minute, though. It can take a while for HMRC to send you the activation code you'll need. The deadline for submitting your tax return online is the 31st of January, so make sure to use the Self Assessment tax calculator as early as possible to get started.
RIFT are the UK’s experts in Self Assessment tax returns. Our specialist teams keep up-to-date on all the latest regulations and industry-specific rules so you don't have to. If we find you're owed an income tax refund when we're preparing your Self Assessment, we'll calculate it for you and help you to claim it. If you already know you’re owed a tax rebate, a visit to our tax refund calculator page will put you well on your way to getting your cash back.
It's not only the self-employed who need to file tax returns, of course. If you worked for more than one employer during the tax year, the tax return calculator might tell you that HMRC's expecting a tax return from you. Whether you want to file your HMRC tax return online or on paper, our self-employed tax return calculator is the ideal way to take the stress and guesswork out of the tax return system.
1 out of every 3 UK workers is overpaying their tax, but far too many miss out on their tax rebates because they don't know what expenses they can claim for. With RIFT making the calculations for you, you'll always be confident that everything is correct. That means fewer headaches and more cash back in your pocket – and it all starts by using the RIFT HMRC tax return calculator.
Tax Returns Online
Do I need to file a Self Assessment tax return?
Knowing whether you need to file a tax return isn't always easy. However, if HMRC's expecting a Self Assessment return from you, then you'd better not disappoint them. Every year, literally hundreds of thousands of people find themselves with fines and penalties for failing to file their tax returns on time. The worst part is that many of them simply didn't realise they were supposed to do it.
RIFT's self-employed tax calculator will tell you whether or not you need to use the Self Assessment system. Better yet, it'll show you how you could save money and protect yourself by using the RIFT tax return service, leaving us to do the work for you!
The Self-Employment Income Support Scheme
The Self-Employment Income Support Scheme (SEISS) is designed to help self-employed people get through the COVID-19 crisis. With the 4th round of SEISS grants, the rules on who qualifies were loosened up slightly. You should be okay to claim if:
- You filed a Self Assessment tax return for 2019-20 by the 2nd of March 2021.
- Over half of your earnings come from self-employment.
- You’ve been making under £50,000 a year on average over the last 3 years.
- Your business has suffered significantly as a result of COVID-19.
The 4th SEISS grant pays out 80% of your average profits over 3 months, capped at £7,500, worked out using your last 3 years of profits. If you became self-employed more recently than that, only your time in self-employment will be used to make the calculations.
A final SEISS grant is coming later in the 2021, to be claimed from around the end of July. Only people who’ve seen a 30% drop in their average turnover will get the full 80% pay-out (capped at £7,500) this time. If your turnover’s dropped by less, you’ll get a 30% grant level instead, capped at £2,850.
If you’re eligible for a SEISS grant, you should be contacted by HMRC with instructions and a personal claim date. See our FAQ here for more about the scheme.
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