Registering for Self-Assessment
Check if you need to register for self-assessment and submit a tax return. Are you unclear about the rules around tax returns? Do you think you might need to file a tax return but you are unsure?
If you answer yes to one of the following questions, you may need to fill out a tax return:
- Have you made an investment in a property that you now earn rental income from that you need to tell HMRC about?
- Do you have any overseas income that you need to pay tax on, such as overseas employment, rental or investment income?
- Have you made a one-off capital gain or loss in the last year that could affect the amount of tax that you have to pay?
- Is your annual income over £100,000? Perhaps you have received a notice from HMRC about a previous year’s tax return and you need help unravelling what it means for this year’s taxes.
- Are you receiving benefits from your employer that have been reported to HMRC on a P11D but are not reflected in your tax code?
- Do you pay into a personal pension fund or make charitable donations that could mean you are entitled to a tax refund?
- Have your savings or investments brought you more than £10,000 of interest or dividend income in the last year that you need to declare?
- Do you or your partner claim child benefit with one of you earning over £50,000 per year?
- Are you self-employed?
If any of the above apply to you then contact Hannah Smith, our TaxSail personal tax accountant. After a FREE initial consultation, Hannah will guide you through the process of registering with HMRC, preparing your tax return and ensuring the tax return is ready for submission.
Need help with tax return self assessment?
FREE personal tax return consultation.
Call TaxSail on 07867 784968
