Self Assessment Tax Returns

Do I need to send a tax return?

You must send a tax return for example if you:

• were self-employed as a ‘sole trader’ and earned more than £1,000 (sales/income - regardless of how much profit you made),
• were part of a business partnership,
• had a total taxable income of more than £150,000,
• had to pay Capital Gains Tax when you sold or ‘disposed of’ something that increased in value, or
• had to pay the High-Income Child Benefit Charge.

You can check whether this includes yourself using https://www.gov.uk/check-if-you-need-tax-return

DEADLINES

For the tax year 6th April 2023 - 5th April 2024

Most people will need to complete their tax return by 31st January 2025, however - please be aware that if you need to complete a tax return and have not sent one before, you must tell HMRC by 5th October 2024.

Contact us now if you need help with this