Where you are self-employed, in a partnership or a director, or employee of a company there are many things that affect tax liability.

The tax year is from 6 April to 5 April the following year.

You’ll need to send a tax return if, in the last tax year:

  • your income from self-employment was more than £1,000 – this is your ‘trading allowance’
  • your income from dividends from shares was £10,000 or more before tax – tell HMRC if it was over your dividends allowance
  • you made profits from selling things like shares, a second home or other chargeable assets and need to pay Capital Gains Tax
  • you were a company director – unless it was for a non-profit organization (such as a charity) and you did not get any pay or benefits, like a company car
  • your income (or your partner’s) was over £50,000 and one of you claimed Child Benefit
  • you had income from abroad that you needed to pay tax on
  • you lived abroad and had a UK income
  • your taxable income was over £100,000
  • you were a trustee of a trust or registered pension scheme
  • you had a P800 from HMRC saying you did not pay enough tax last year – and you did not pay what you owe through your tax code or with a voluntary payment
  • your State Pension was more than your Personal Allowance and was your only source of income – unless you started getting your pension on or after 6 April 2016

You also need to send a tax return if you:

  • need to prove you’re self-employed, for example to claim Tax-Free Childcare
  • want to make voluntary Class 2 National Insurance payments to help you qualify for benefits

Certain other people may need to send a return (for example religious ministers or Lloyd’s underwriters) – you can check whether you need to. You will not usually need to send a return if your only income is from your wages or pension.

 

Fees

It should be explained that our charges are based upon the value of time occupied on the work carried out and are also dependent upon the staff required, having regard to the degree of responsibility and skill involved. Invoices are payable on presentation