At Thomas Nock Martin, we’ve seen first-hand how UK residents can lose out – financially and legally – by believing in outdated or misleading tax myths.
Whether you’re a student, a freelancer, or managing your retirement income, professional taxation services in the UK offer far more value than most people realise.
Here are 12 of the most common tax service myths we still hear in 2025 – and the truths that will help you take control of your financial future.
1. Taxation Services Are Only for the Wealthy
False. Tax support isn’t a luxury – it’s a practical tool for anyone who earns.
From students to self-employed professionals, taxation services help you:
- Maximise deductions.
- Avoid penalties.
- Stay compliant as laws change.
Whether you earn £10k or £100k, you deserve support that protects your income and future.
2. I’m Too Young to Worry About Taxes
If you’re earning, you’re already part of the tax system. The earlier you understand your obligations, the fewer mistakes you’ll make later.
For Gen Z professionals, tax literacy is essential – especially if you’re juggling employment, freelance gigs, or student loans.
3. I Can Handle My Taxes Without Help
You can try – but it often costs more.
Tax law is constantly evolving, and DIY mistakes often lead to:
- Missed allowances.
- Overpaid tax.
- HMRC scrutiny.
Working with a tax accountant near you gives you peace of mind and saves time.
4. Tax Professionals Are Too Expensive
In reality, many of our clients save more in reclaimed tax and avoided penalties than they spend on fees.
At Thomas Nock Martin, we offer flexible packages for individuals, landlords, and business owners – designed to match your budget and complexity.
5. Filing Taxes Is Just Plugging In Numbers
Filing a tax return involves more than figures. It’s about:
- Understanding your unique deductions.
- Navigating legal changes.
- Presenting information in a way HMRC expects.
Tax software can’t provide strategic advice. Professionals can.
6. All Tax Deductions Are the Same
Not even close. Allowable deductions vary based on:
- Employment type.
- Expenses incurred.
- Income structure.
You might miss valuable reliefs without proper advice – especially if you’re self-employed, own property, or have children.
7. I Don’t Need to Declare Small Earnings
Even side income – like selling on Vinted, tutoring, or affiliate commissions – may need declaring.
Declare it properly and you stay compliant. Ignore it and you risk fines.
A tax return support service ensures even minor income is correctly handled.
8. Taxation Services Are Just for Businesses
No. Individuals with PAYE, investments, rental income, or even pension income can benefit hugely from personal tax planning.
Professional tax services ensure you’re not paying more than necessary.
9. Once I Submit My Taxes, I’m Done
Tax is a year-round process.
If you want to stay compliant, maximise your returns, and avoid surprises, keep your records updated and check in regularly – especially after big life changes.
10. Any Tax Software Will Work for Me
Most UK tax software is designed for simple cases.
If you have multiple income sources, own assets, or qualify for reliefs, off-the-shelf tools may miss vital details.
We audit many self-prepared returns – and almost always find errors.
11. My Tax Obligations Don’t Change
Tax rules evolve every year – and so does your life.
New job? Bought a home? Had a child? Started a side hustle?
Every change can affect your tax return. Yearly reviews help avoid overpayments or investigations.
12. I Can Hide Income to Pay Less Tax
This is the most dangerous myth of all.
HMRC uses real-time reporting, AI tools, and cross-referenced data to detect irregularities.
If you’re caught:
- You could face a 100% penalty.
- Lose access to future reliefs.
- Damage your financial reputation.
Transparency is cheaper – and safer.
Final Thoughts from Thomas Nock Martin
Tax doesn’t need to be complicated – but it must be taken seriously.
We exist to protect everyday taxpayers, freelancers, landlords, and business owners from misinformation, overpayment, and unnecessary risk.
If you’re unsure whether you’re overpaying, under-claiming, or misreporting, talk to a professional. It could change your financial future.
FAQs – UK Tax Services
1. What’s the cost of hiring a UK tax advisor for a personal return?
At Thomas Nock Martin, individual returns start from an affordable flat fee and scale based on complexity. In most cases, clients save more than they spend.
2. Do I need a tax accountant if I use HMRC’s self-assessment portal?
Yes – especially if you have income from multiple sources. A tax accountant ensures all deductions are claimed and filings are accurate and audit-ready.
3. What tax services are available for landlords and rental income?
We offer end-to-end landlord support, including:
- Rental income declarations.
- Mortgage interest relief.
- Capital gains planning.
- Tax efficiency structuring.
4. Can I claim tax advice fees as a deduction?
In some cases, yes. If the fee relates to business or investment income, it may be deductible. We’ll clarify what qualifies.
How quickly can I book a tax consultation?
We offer fast-track appointments during peak season.
Contact us
Call: 01384 261300
Email: mail@tnmca.com
