17/12/2023
** UK tax return filing deadline - 31 January 2024 **
Do you need to file a self assessment UK tax return?
The deadline is fast approaching.
If you have been issued with a tax return from HMRC you must file it in order to avoid a late filing penalty.
Late filing penalties are payable even if there is no tax to pay so do not delay, act today!
If HMRC have not issued you with a UK tax return you will still need to complete a tax return if you are:
- self-employed
- a company director
- a minister of religion
- a name or member of Lloyd's
- a trustee
- receiving foreign income
You will also need to complete a tax return if your income is above a certain level:
- £100,000 or more
- £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)
Other circumstances in which you will need to complete a tax return are:
-You're 65 and receive a reduced age-related allowance
-You need to claim certain expenses or reliefs above £2,500
-You have Capital Gains Tax to pay
-You've lived or worked abroad or aren't domiciled in the UK
Contact us today for a free, no obligation, competitive quote.
There are no hidden costs, you will be given a FIXED FEE for a professional service tailored to your personal requirements.
https://sizeraccountants.com/uk-tax-for-expats
https://sizeraccountants.com/