Who must file a tax return?

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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:

  • You were self-employed.
  • You got £2,500 or more in untaxed income, for example from renting out a property or savings and investments.
  • Your savings or investment income was £10,000 or more before tax.
  • You made profits from selling things like shares, a second home or other chargeable assetsand need to pay Capital Gains Tax
  • You were a company director – unless it was for a non-profit organisation (such as a charity) and you didn’t 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 abroadthat you needed to pay tax on.
  • you lived abroad and had a UK income
  • You got dividends from shares and you’re a higher or additional rate taxpayer.
  • Your income was over £100,000.
  • You were a trustee of a trust or registered pension scheme.
  • you had a P800 from HMRC saying you didn’t pay enough tax last year – and you didn’t pay what you owe through your tax code or with a voluntary payment

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 usually won’t need to send a return if your only income is from your wages or pension.

If you are still unsure, it never hurts to get advise from professional accountants in East London.

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