Unsure if you need to fill out a tax return?
The list below sets out the main reasons why you would need to fill in a tax return
- Self Employment
- Partner in a business
- Company Director
- Savings and Investment Income of more than £10,000 was received in the tax year
- Untaxed Income
- Income from Property
- Foreign Income that is liable to UK tax
- Employment income where you wish to claim for expenses or professional subscriptions
- If your total income exceeds £10,000 in the tax year
For full details you can check the revenue site on www.hmrc.gov.uk/sa/need-tax-return.htm
If you wish to proceed you will receive a quotation (prices start from £95 + VAT) if you do not reply to this quote – you will owe nothing. (Remember accountancy services are tax deductible against many forms of income and you will receive an invoice for any work carried out).
If, however, you wish to proceed you will be asked to submit details of all your income, either by email, fax or special post depending on the nature of information required an the resources that are available to you.
Your completed Self Assessment form will then be submitted directly to the Inland Revenue (or direct to you if you prefer).
You will be given unlimited tax advice on any relevant income you have and you are free to email any questions relating to your Self Assessment form without any additional charges.