UK Tax Returns Explained

Information about when you need to file a UK Tax Return

We prepare Tax Returns online for just £130

Here are some of the most common reasons for filling in a tax return. Please note that the list is not exhaustive.

• If you are self-employed you always have to complete a tax return.
• You are a higher-rate tax payer receiving taxable income besides your PAYE employment.
• You receive income from property rental as well as from employment or other sources.
• Your only income is above a certain level from savings, investment or property as set out below.
  • £10,000 or more income from savings and investments
  • £2,500 or more income from untaxed savings and investments
  • £10,000 or more income from property (before deducting allowable expenses)
  • £2,500 or more income from property (after deducting allowable expenses)
• You are a company director (unless you’re a director of a non-profit organisation, for example a charity, and don’t receive any payments or benefits)
• Your annual income is £100,000 or more.
• You have Capital Gains Tax to pay
• If you receive total income of £100,000 or more you’ll need to complete a tax return. You may have higher or additional rate tax to pay that hasn’t been collected through your tax code.
• If you are employed and want to claim for expenses or professional subscriptions of £2,500 or more, you’ll need to complete a tax return. You can just write to HM Revenue & Customs (HMRC), with full details, if you want to claim expenses below this amount.

How to get a tax return

You need to register for Self Assessment before you can get a tax return. This is a service here at Taxeezy that we can provide free of charge.

HMRC will use the information you provide to set up the right records for you and will send you a Unique Taxpayer Reference. You will then receive a letter each year, usually in April, telling you to complete your tax return.

If you have registered for Self Assessment, received your Unique Taxpayer Reference but have not received a letter telling you to complete a tax return by the end of April, you should get in touch with HMRC or contact us.