Tax Estimates & Important Disclaimers

Simple Self-Employed is designed to help users organise financial information, understand their finances and estimate their potential tax position.

This page explains how our tax estimates work, their limitations, and the responsibilities that remain with the user.

Please read this page carefully.

What Simple Self-Employed Does

Simple Self-Employed helps users:

• Import transaction data
• Categorise financial activity
• Track salary income
• Track dividend income
• Track self-employed income
• Track rental income
• Estimate potential tax liabilities
• Generate reports for accountants

The platform provides visibility and planning tools designed to help users understand their financial position throughout the year.

What Simple Self-Employed Does Not Do

Simple Self-Employed does not:

• File tax returns
• Submit information to HMRC
• Submit Making Tax Digital updates
• Provide accountancy services
• Provide tax advice
• Provide financial advice
• Provide legal advice
• Act as an accountant or tax adviser

The platform is a software tool.

It is not a professional advisory service.

Understanding Tax Estimates

The platform may generate:

• Estimated tax liabilities
• Estimated balancing payments
• Estimated payments on account
• Estimated income tax calculations
• Estimated dividend tax calculations
• Financial forecasts
• Planning projections

These outputs are estimates.

They are intended to help users understand potential outcomes based on the information available at the time.

They are not tax determinations.

They are not official calculations.

They are not guaranteed to match HMRC calculations.

How Estimates Are Calculated

Tax estimates are generated using information such as:

• Transaction records
• Income information
• Dividend information
• Salary information
• Tax profile settings
• User-defined assumptions
• Current tax rates and thresholds implemented within the platform

The quality of any estimate depends on the quality and completeness of the information supplied.

Factors That Can Affect Accuracy

Many factors may affect the accuracy of an estimate.

Examples include:

• Missing transactions
• Incorrect categorisation
• Incorrect salary information
• Missing dividends
• Missing rental income
• Pension contributions
• Marriage Allowance
• Gift Aid donations
• Student loan repayments
• Child Benefit Charge
• Foreign income
• Capital gains
• Tax reliefs
• Changes to legislation
• Personal circumstances

The platform cannot automatically determine every aspect of an individual’s tax position.

User Responsibility

You remain responsible for:

• Reviewing imported transactions
• Confirming transaction categories
• Providing complete information
• Checking assumptions
• Reviewing reports
• Seeking professional advice where required

The platform assists with organisation and estimation.

It does not replace professional review.

Why Estimates May Differ From HMRC Calculations

HMRC calculations may differ from platform estimates for many reasons.

Examples include:

• Legislative changes
• Additional income sources
• Tax reliefs
• Personal circumstances
• Missing information
• Accountant adjustments
• HMRC-specific calculations

Differences between estimates and final tax liabilities should be expected.

Common Examples

Example 1

A user imports bank transactions but forgets to record dividend income.

Result:

The estimated tax position may be understated.

Example 2

A user categorises personal spending as business expenditure.

Result:

Estimated profits may be reduced incorrectly.

Example 3

A user receives additional income during the year that is not recorded within the platform.

Result:

The estimate may not reflect the user’s actual tax position.

Example 4

Tax legislation changes after estimates have been generated.

Result:

Future calculations may differ from previous estimates.

Accountant Review

We strongly recommend that all users have their tax affairs reviewed by a qualified accountant or tax adviser before:

• Filing tax returns
• Submitting information to HMRC
• Making significant financial decisions
• Relying on tax estimates

Simple Self-Employed is designed to make those conversations easier.

It is not intended to replace them.

Accountant Packs

Accountant Packs generated by the platform are designed to:

• Organise information
• Summarise activity
• Reduce administrative effort
• Improve communication with accountants

Accountant Packs should be treated as working documents.

They are not formal accounts.

They are not tax returns.

They are not HMRC submissions.

Professional review remains necessary.

Future Tax Rules

Tax legislation changes regularly.

Although we aim to keep calculations and thresholds up to date, we cannot guarantee:

• Immediate implementation of legislative changes
• Accuracy for all circumstances
• Coverage of every tax scenario

Users should always verify important decisions with a qualified professional.

No Professional Advice

Nothing within the platform constitutes:

• Tax advice
• Accounting advice
• Financial advice
• Legal advice

Information provided by the platform is intended for general information and planning purposes only.

You should seek independent professional advice before taking action based on any estimate or report.

Limitation of Reliance

By using Simple Self-Employed, you acknowledge that:

Tax estimates are estimates only.

Financial forecasts are forecasts only.

Reports depend upon information supplied by users.

The platform cannot account for every personal circumstance.

You agree not to rely solely upon platform outputs when determining legal, tax or financial obligations.

Our Commitment

Although tax estimates have limitations, we are committed to:

• Maintaining accurate calculation methodologies
• Improving platform functionality
• Updating tax thresholds where appropriate
• Providing transparent assumptions
• Clearly communicating limitations

Our goal is to help users understand their financial position more clearly, not to replace professional advice.

Questions?

If you have questions about how estimates are generated, please contact:

• [SUPPORT EMAIL]
• or
• [COMPANY NAME]
• [REGISTERED ADDRESS]

Simple Self-Employed exists to help people stay organised, informed and prepared.

The platform provides clarity and visibility.

Your accountant provides professional advice.