Do you need to file a self-assessment tax return?
Filing a self-assessment tax return is necessary for individuals in various situations, we are here to help you understand your responsibilities.
Reasons to file a self-assessment tax return:
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Renting a property
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Income in excess of £60,000 and receiving Child Benefit payments
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Employed and earning in excess of £100,000
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Receiving investment income
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Selling a property
The above is by no means an exhaustive list. If you fall under any of these categories, or believe you may meet the self-assessment filing criteria for any other reason, you should act promptly to ensure you do not incur any late filing penalties.
While HMRC will notify you if they believe you need to file a self-assessment tax return, you are still responsible for registering with HMRC. As part of our service, we will liaise with HMRC to complete the registration for you.
With our specialist team at Resolve Accountancy we pride ourselves on helping clients overcome the stress and responsibility that comes with financial tasks, such as taxes, so you can rest assured that your tax return will be complying with regulations, but most importantly, you won’t have to tackle the tax return yourself, meaning you can invest your time and effort into other areas of your business.