We’ll send you a draft version of your Income Tax Return (IB) via a secure link by email before we submit it for you. Please review it globally.
Any questions? Feel free to call or email us. If you're happy with the draft and ready for us to submit it, please confirm by email so we can file your return (and that of your tax partner, if applicable).
On this page:
What’s in the draft report of my Income Tax Return?
Who does what?
1. Your personal details
2. Your income tax and national insurance
3. Your taxable income
4. Attachments
5. Your business tax return
What’s in the draft report of my Income Tax Return?
This is a financial summary of your business, combined with your personal details relevant to the tax return.
Who does what?
The Bookie handles the numbers, you do a general check
We understand that reviewing your annual figures may not be your favourite part of running a business. Luckily, we’ve got you covered on the financials. All we ask from you is a general check. And to help you with that, we’ve put together a few tips.
And what about all those calculations? Everything in your IB return is based on the data you’ve entered throughout the year in The Bookie Webapp or via the Checklist.
If you’ve worked with The Bookie Webapp all year or shared your bookkeeping with us, the risk of errors is very low. Still, we recommend checking for any amounts that look unfamiliar or if the amount to be paid or refunded is very different from what you expected.
If anything seems off, feel free to ask your Bookie.
1. Your personal details
Check your name, address and contact details (and those of your tax partner and children, if applicable).
If you have a tax partner, make sure their data is also correct. It’s easy to forget to review their info too—be that thoughtful partner who double-checks everything!
2. Your income tax and national insurance
Other income
Did you receive income from employment, freelance work, investments, a pension or benefits? Check if these are properly included.
3. Your taxable income
Have we included the key details in your return? Think of:
- Did you buy or sell a private residence?
- Is your private wealth included? Think savings and investments.
- Did you receive an inheritance?
4. Attachments
Check whether all required documents are attached, like year-end statements, mortgage summaries or WOZ values.
5. Your business tax return
This part covers your business activities, including your fiscal and taxable profits. It also includes things like your investments.
In section 5.6 you’ll find the final Profit & Loss statement for your business.
In section 5.7 you’ll find your business info. Please check whether the data about your sole proprietorship or partnership is correct.
Have we included the most important details in your return? For example:
- Did you buy or sell a business vehicle?
- Did you use your private car for business trips? (See section 5.6.4)
- Are any business debts shown on the balance sheet?
- Did you pay for any work-related insurance premiums?
Questions from your Bookies
At the bottom of the email with your draft report, you may find some questions or notes from us. Go through them and check if our assumptions are correct.