Frequently Asked Questions
Find answers to the most common questions about our accounting services. Can’t find what you’re looking for? Get in touch — we’re happy to help.
What Documents do I need to bring for Taxes?
It depends on your situation, but typically you’ll need: proof of income (payslips, invoices, bank statements), details of any expenses you wish to claim, your UTR (Unique Taxpayer Reference) number, P60 or P45 if employed, and any other relevant financial documents. We’ll guide you through exactly what’s needed at your first consultation.
What makes you better than other accountants?
At ETAXPOL we combine professional expertise with a personal, approachable service. We specialise in supporting self-employed individuals, limited companies, and Polish-speaking clients across the UK. With over 16 years of experience, transparent pricing, and no hidden fees — we go beyond just filing numbers. We’re a genuine partner in your business success.
Why switch from my current accountant?
Switching is easier than you think — we handle the entire transition process for you. Many clients come to us after feeling overlooked or underserved elsewhere. With ETaxPol you get a dedicated point of contact, proactive communication, and accounting support tailored to your needs — not a one-size-fits-all service.
How do I register as a self-employed business in the UK?
You can register online on the HMRC website (link). You must register before 5 October of the tax year in which you start working as a self-employed business.
When do I have to file my annual Self-Assessment return?
Your Self-Assessment return for the previous tax year must be filed by 31 January (if you do it online).
What expenses can I claim as a self-employed business?
You can claim expenses such as materials, office rent, transport, telephone, internet and even some household expenses if you work from home.
Do I have to pay VAT as a self-employed business?
If your annual turnover exceeds £90,000, you must register for VAT.
How do I set up a Limited Company (LTD) in the UK?
You can register online through Companies House (link). The process usually takes 24 hours.
What are the responsibilities of a director of an LTD company?
A director of an LTD company must keep accounts, file an annual return to Companies House, file tax returns with HMRC and ensure compliance.
Do I need a separate bank account for my LTD company?
Yes, a Limited Company is a separate legal entity and should have its own bank account.
What taxes does a Limited Company pay?
An LTD company pays Corporation Tax (currently 19-25%) on its profits and dividend tax if it is paid to its owners.
When do I need to register for VAT?
If your annual turnover exceeds £90,000, VAT registration is mandatory. You can also register voluntarily if it is beneficial to your business
How often do I have to file VAT returns?
VAT returns are usually filed quarterly, or monthly for some businesses.
What is the Flat Rate VAT system?
Flat Rate VAT is a simplified VAT system where you pay a fixed percentage of your turnover rather than deducting VAT from your costs.
Do I have to register as an employer?
Yes, if you employ staff and pay them more than £123 per week, you must register with HMRC as an employer.
What are the obligations of an employer in the UK?
You must keep a payroll (Payroll), pay tax and National Insurance contributions for your employees and comply with the Auto-Enrolment regulations.
What is the RTI (Real Time Information) system?
RTI is a system for reporting payroll to HMRC in real time – each payment must be reported as soon as it is made.
What are P60 and P45?
P60 – an annual summary of salaries and taxes that an employee receives at the end of the tax year.
P45 – a document that an employee receives after leaving employment.
Can I do my own accounting?
Yes, but this requires knowledge of British tax law. Cooperation with an accounting office helps avoid errors and ensures full compliance with the regulations.
What documents do I need to provide to an accountant?
Depending on the type of business, these may include sales and expense invoices, bank statements, contracts and documents regarding employee salaries.
How can I contact your office?
You can call, email or visit us in person. Details can be found on our website in the Contact section.
What are the costs of accounting services?
The cost depends on the scope of services. We offer flexible packages tailored to the needs of Self-Employed, LTD companies and employers. Contact us for an individual quote.
How long do I have to keep accounting records?
LTD companies and self-employed individuals must keep records for at least 6 years.
Resources
Resources & Articles For Managing Your Finances On Your Own
VAT Registration in the UK: Do You Need to Register, and What Happens When You Do?
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Running a Business in the UK as a Polish Entrepreneur: 5 Things That Will Make Your Life Easier
Moving to the UK and starting a business is a brave step. Here are 5 practical things every Polish entrepreneur should know to get off to a strong start. Starting a business in a new country takes courage. You're learning new rules, dealing with a different language,...
What Is the Construction Industry Scheme (CIS) — And Does It Apply to You?
If you work in construction in the UK — as a contractor or subcontractor — CIS affects how you get paid and how much tax you owe. Here's what you need to know. If you work in the construction industry in the UK, chances are you've heard of CIS — the Construction...
Contact Us
Have a question or ready to get started? Fill in the form below and a member of our team will get back to you as soon as possible. We offer a initial consultation — so there’s no commitment to reaching out.
info@etaxpol.co.uk
0800 955 6005
Unit 5, 18 Ashchurch Rd, Tewkesbury, GL20 8BT
Monday - Friday: 9:00 - 17:00
Saturday: Closed
Sunday: Closed
Sunday: Closed