Self Assessment Tax Return

If you need to complete a Self Assessment tax return, or if your circumstances have changed this year, our short checklist below can help.

The deadline for online tax return submissions is midnight 31 January 2020, and with the threat of fines, which can range from £100 to 100% of your tax bill, it really is worth making sure you file your tax return correctly and on time.

Tax Return Checklist

If your answer is ‘yes’ to any of the following questions from 6 April 2018 to 5 April 2019 you must complete and submit a tax return:

  • Were you self-employed or a partner in a business at any time in the year?
  • Were you a company director?
  • Did you receive income over £100,000?
  • Did you receive £10,000 or more before tax from taxed savings and investments, including dividends?
  • Did you receive more than £2,500 in untaxed income?
  • Did you receive income from letting out property?
  • Did you receive foreign income liable to UK tax?
  • Are you an employee claiming expenses or professional subscriptions of £2,500 or more?
  • Did you, or your partner, receive child benefit and have an individual “adjusted net income” of over £50,000 per annum?
  • If you receive a reduced age-related allowance, you’ll usually need to complete a return if your income is over a certain level.
  • Was your State Pension more than your Personal Allowance and was this your only source of income?
  • Have you received a letter from HMRC requiring you to complete a Self Assessment Tax Return?
  • Have you made profits from selling assets such as shares, a second home or other chargeable assets, and need to pay Capital Gains Tax?
  • Did you live or work abroad? (You should check your residency status)

Contact our team

Contact us for a free, no obligation quotation or to discuss further if you are in any doubt as to whether you need to complete a tax return.

A quick call to our team will put your mind at ease and we will be able to quickly advise on your situation.

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