If you need to file a tax return with HMRC contact Duck Consulting today. If you are unsure whether you need to submit a self-assessment tax return, please see some useful information to help you below.
Do you need to submit a UK Self Assessment Tax Return with HMRC?
Individuals who are employed by a business usually pay their PAYE (Pay As You Earn) taxes on their income at source via the payroll. This means that before the employee receives their pay in the relevant pay period, the employer has deducted any taxes due on the employee income and paid this over to HMRC on their behalf. On this basis, employees are not typically required to file a self-assessment tax return (although there are exceptions noted further below).
However, where individuals receive their income gross, meaning they have not paid tax on their income at source, a self-assessment tax return must be completed and submitted with HMRC to ensure that the correct taxes have been calculated and paid to HMRC in a timely manner.
You must submit a tax return if, in the last tax year (6 April to 5 April), any of the following applied:
You may also need to send a tax return if you have any untaxed income, such as:
If you need to file a tax return with HMRC or are still unsure whether you need to submit a self-assessment tax return, contact Duck Consulting today to discuss.
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