Tax return
You need to complete a Tax return if you are under Self Assessment, which involves completing an online or paper tax return. You tell HMRC about your income and capital gains (profits on the sale of certain assets) on the tax return, or claim tax allowances or reliefs.
Who needs to complete a Self Assessment tax return?
Not everyone needs to complete a tax return. If your tax affairs are straightforward you may already pay all of the tax due on your earnings or pensions through your PAYE (Pay As You Earn) tax code.
There are certain circumstances in which you will always need to complete a tax return - for example if you're self-employed, a company director, a trustee or if you have foreign income or if you earn over 100 000.00
Tax return deadlines
If you send in a paper or Manual Tax Return it needs to be submitted to the HMRC by midnight on the 31st October.
If you do an online tax return it must be submitted to the HMRC by midnight on 31st January.
You'll be charged a penalty if your tax return is not received on time.
1st Contact can help you complete you tax returns as some people find in rather stressful to deal with. All you will need is your invoices and any receipts for expenses you want to claim that are job related.
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Start the process NOW by filling out the
Online Tax Refund Form!
If you have any queries or need assistance, call us on 0808 141 2300.