Tax filing can be long and tedious for many people, particularly those unfamiliar with the process or with complex financial situations. Every year, millions of individuals and businesses must file tax returns with their respective state tax agencies, and the associated paperwork and calculations can often be overwhelming.
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Without proper guidance and knowledge, this complicated process can lead to mistakes, which can have serious repercussions. Errors in filing tax returns can lead to substantial financial penalties, including interest and potential fines. In some cases, people even miss out on what is lawfully theirs because of a lack of knowledge and the stress of complicated processes.

UK taxpayers can finally see an end to these issues as Free Tax Returns aims to fix this complicated process by launching a new app that provides easy and convenient tax return assistance for free. It is a fintech app that gives power back to the people by providing them the service they deserve.

The Current Tax Scenario

Every year, 12 million British people must submit their self-assessment. The results reveal the frustration, dread, and uncertainty that goes with handling and processing taxes. Confusion on certain things, such as being unaware of what people should be declaring and what they can claim tax relief on, make a nightmare out of tax return navigation.

In addition, only 36% of those who qualify have claimed the Working From Home allowance, according to government figures. This means there are still around 8.7 million people who have yet to claim the full allowance of £6 per week for 2 years, resulting in a whopping £1.3 billion left unclaimed that the government will happily hold on to. Unfortunately, most citizens are unaware.

“It’s not right that taxes are this opaque, that it’s this hard to claim all that is rightfully ours. All the government can collect legally should be collected, and all the people can legally get should be given to them. We’re here to make that happen,” Free Tax Returns explains.

For these reasons, Free Tax Returns revolutionises its app to address these unfortunate situations and finally end this current tax dilemma.

As Free Tax Returns shares, “We want to provide a free, easy, stress-free way for people to do their tax returns and claim money back so that they never overpay on taxes again. We want to put money back into people’s pockets at a time when it really matters.”

An app that doubles as an accountant

Free Tax Returns is an app set to launch in 2023, enabling users to quickly and seamlessly do their tax returns. It is available to anyone required to file a self-assessment tax return. The app helps determine what needs to be declared and what can be claimed based on individual circumstances and calculates the tax return. It also has the feature to submit these necessities to relevant tax authorities.

Free Tax Returns will take advantage of the latest technology to bring excellent service to its users. It utilises Open Banking or digital banking APIs to automatically source the necessary data, saving users time and effort.

The Free Tax Returns app operates on just three simple steps: knowing their clients’ eligibility, collecting the necessary documents, and submitting all the required information directly to HMRC (Her Majesty’s Revenue and Customs). These steps are enough for the company to accurately and efficiently assess tax returns, saving UK taxpayers time and effort.

For those who prefer a more traditional way in the digital world, Free Tax Returns also offers paid premium features, including having a dedicated accountant or financial advisor.

“We will help the world do their taxes better. From the baker to the banker, filing a tax return has never been easier,” Free Tax Returns shares.

Free Tax Returns launched its waitlist and a sign-up campaign in December 2022 for those who want to join the tax revolution and register their interest for the app’s release right in time for the 2022-23 tax year.
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