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A personal tax return is a form that you as a taxpayer sometimes have to submit to HMRC to declare your income and how much tax you should pay (or sometimes get back from HMRC as a tax refund).
When you need to file a personal tax return:
- If you’re employed and earned over £100,000 per year
- If you earned over £1,000 from self-employment
- If you made over £1,000 from renting out a property
There are lots of other reasons why you’d need to file a personal tax return. Check with our experts or visit the HMRC website to double check your tax obligations.
You can file a tax return in several ways:
- You can send a paper tax return to HMRC
- You can go to HMRC’s website and submit one online yourself
- You can have use a personal accountant to file for you
Frequently Asked Questions
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When do I need to file my tax return?
If you need to file a tax return, the deadline is January 31st of the year following the tax year in which you earned that income. The UK tax year is from April 6th to April 5th.
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Can you help me to maintain my own accounting records for my tax return?
Of course! We advise that you start a comprehensive spreadsheet to keep track of your taxable income and relevant expenses throughout the year in order to make your tax return more straightforward. This can be done on an Excel spreadsheet or Google sheet to keep things simple! Contact our team for more advice today!
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