Tax Return Services for Private tutors
Tax Return Services For Private Tutors
The Tuition market in UK is worth over £2 billion a year, some of the websites state it could be worth over 6 billion a year. Given that the UK tutoring industry is largely unregulated, there’s no comprehensive research as to how many tutors there are in the UK. Some of the websites on Google claim that there are over a hundred thousand tutors in UK. The number of private tutors has also increased and with that comes the responsibility of tax return services for private tutors.
Private tutors aren’t required by law to be registered with any regulatory body, or with The Tutor’s Association. But they are required by law to prepare and file their personal tax return. As soon as you start teaching as a self-employed, you have to register with HMRC, Obtain a UTR number, and declare all your earnings from private tuition to HMRC. There are several students who are working as self-employed with tuition franchises and providing private tuition but they are not registered and don’t pay their taxes. All those giving tuitions privately should know about tax services for private tutors.
If you are providing private tuition and need help in preparing your personal tax return or limited company accounts ( if operating via LTD), then get in touch with us.
You will be in safe hands!
ACCOTAX – Accountants for private tutors are accredited & regulated by ICAEW, ACCA & AAT. Our proactive approach helps to identify any possible issues ahead and helps you to plan effectively to implement efficient growth plans