Self-Assessment Tax Return

 

 

 

 

There are various deadlines and responsibilities for taxpayers to be aware of. A personal tax return has to be filed, known as Self-Assessment Tax return to HMRC every year, until 31st January, if you have any untaxed income.

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​More specifically, if you fall into one of the following categories:

 

• Self-employed (sole trader) who has earned more than £1,000 in the tax year

• A partner in a business partnership

• A company director of a Limited company 

• You own land or property that is being let

• Receive income from savings, investments and dividends

• Wanting to claim certain tax reliefs

• Receive child benefit and your or your partner’s income was over £50,000

• Have sold assets in the tax year, such as additional properties or shares

• Your PAYE income of above £100,000

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The staff at HM Revenue & Customs are not tasked to advise you on how to organise your affairs and minimise your tax. Therefore, if you want to make sure you are paying the right amount of tax, you should consult a professional.

 

At AGL Accounting Services we use HM Revenue & Customs-approved software to:

• Complete your tax return

• Calculate your tax liability

• File the return online

• Liaise with you on the amounts to be paid and when they are due

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The tax year runs between 6th April and 5th April. You have almost 9 months to prepare your self-assessment tax return each year.

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We can offer great discounts on our services if you order the Tax Return preparation early.

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