Who needs to submit a tax return
Do you need to file a self assessment tax return? Income Tax can be a very confusing area and a costly one if not managed correctly. We help clients to minimise their tax burden and ensure tax returns are correct and filed on time. With detailed knowledge of what constitutes tax deductions and income tax allowances we can make your tax returns as stress free as possible.
You will need to consider if you are required to submit a tax return if:
- Your taxable income was over £100,000
- You have savings over the HMRC allowance
- You receive untaxed income not collected through a PAYE tax code
- You own land or property that is being let
- You are a director of a UK company
- You are self-employed or operating as a partner or partnership LLP
- You have income from overseas
- You lived abroad and had a UK income
- You are a trustee or Minister of Religion
- You or your partner receive child benefit and your income is over £50,000