Tax Return Fee

[bad company]

I sold my business and retired some years ago. I carried using the former company’s accountants for my personal tax returns. I’m now getting a bit peed off with the ever increasing fees.

I load up my certificates of interest and end of year statement from online stockbroker platforms and they get on with it from there.

Any thoughts, what should I be paying?

Edited by bad company on Thursday 1st May 08:41

[trickywoo]

£300ish would be a fair price unless you’ve got something complicated.

[Puzzles]

The devil’s in the detail, but in my experience, you should be able to find a decent local firm to do it for around £250.

Some places have a minimum fee though, which can be £300 or even £360.

Bigger firms tend to have higher fees.

[bad company]

Thanks guys. Mine’s asking for £255 + VAT which sounds about right.

[egomeister]

What kind of info are you submitting? For basic stuff it's a piece of piss to do it yourself

[Countdown]

It's a bit like asking "How much to redecorate my house?" The answer is "it depends".

£300 seems teasonable for an SA return, however there are places out there that will do it for £60

[NerveAgent]

egomeister said:

What kind of info are you submitting? For basic stuff it's a piece of piss to do it yourself

I do my own and its pretty easy if its just simple personal stuff. PAYE, interest, SIPP contributions the only bits I need to fill out really. Takes 1-2 hours per year, if that.

[macron]

200+ vat if basic, I asked this recently, search is your friend

https://www.pistonheads.com/gassing/topic.asp?h=0&...

[wattsm666]

You have to remember accounting firms have various regulatory obligations, which can include ensuring files are sufficient for regulatory visits, AML compliance, PII, then have other overheads (software, credit controls etc etc)

A lot of firms therefore have minimum fees due to all of the above.

[alscar]

Mine charges me just under £600 inc vat for both mine and my wife’s SA returns.