TAX RETURN TO BE FILES BY 31ST
JANUARY 2017
You may need
to file your tax return online if you have missed the deadline of 31st
October, 2016 for filing your paper return.
You will be filing your tax return for the tax period 6th
April 2016 to 5th April 2016.
Who needs
to file Self Assessment:
If you are
self employed
Employed
persons whose income was over £100,000
Director of
a Company
Partner in a
partnership
Retired
People who are on the registered pension scheme
If you got £2,500 or more untaxed income from renting out property or
savings and investments-
Your savings
or investment income was £10,000 or more before tax.
You made a
profit on selling things like shares, a second home or other chargeable assets
and need to pay Capital Gains tax.
If either
your income or (your partner’s) was over £50,000 and one of you claimed Child
Benefit
You had
income from abroad that you needed to pay tax on
You lived
abroad and had a UK income
You got
dividends from shares
You were a
trustee of a trust
Other people
for example religious ministers or Lloyd’s underwriters
If the HMRC
sends you a letter telling you to send a return then you must send your tax
return.
To file your
tax return you need to obtain your 10 digit UTR (Unique Taxpayer Reference). You
can first register online to obtain your UTR. This can take up to 10 days.
You can
start by keeping your paper work in order so that you can get a few weeks
before the deadline date. The penalty for filing late is £100 and can cost more.
If you are confused about what information to add and how to fill in the
details and the forms required follow our blogs for more information. You can
also consider getting professional help.
We will help YOU: https://www.globalcompanyformation.co.uk/
