Self Assessment Tax Returns
Self Assessment Tax Returns
HMRC uses Self Assessment system to collect Income tax on personal income. You need to file personal tax returns for various reasons. We can assist you through self assessment in preparation, completion and submission of personal tax returns to HMRC before the self assessment deadline. The most common reasons you are required to file tax returns are as follows:
- You are self employed or a sole trade
- You are a partner in a partnership
- You are a company director and derive salary and dividends from your company
- You own land or property income including Buy to Let
- You have Capital gains to report on assets disposed of including property, shares or Cryptocurrency
- You have savings or investment income
- Your household receives Child Benefit and you have income in excess of £50,000
- You have income from overseas
- You have UK income but aren’t domiciled in the UK
- You earned £100,000 or more
You are asked by HMRC to file the self assessment for any reason
