Blog.
Accounts made easy.
Who must send a tax return? When should they be submitted?
You must submit a tax return if you were:
- Self Employed as a 'sole trader' and earned more than £1000 (Before taking off anything you can claim on relief)
- a partner in a business partnership
You will not ordinarily submit a return if you are employed or solely claiming a pension. However you may need to if you have other sources of income such as:
- Renting out properties
- tips or commission
- income from savings, investments or dividends
- foreign income
If you are not sure you can check here.
Other reasons to submit a return.
- Claim some income tax reliefs
- prove you're self employed, for example to claim Tax-Free Childcare or Maternity Allowance.
If you get Child Benefit
If yours (or your partners) income exceeds £50,000, you may need to send a return and pay the High Income Benefit Charge.
Things to consider for the self-employed...
Marriage Allowance
Nail Technicians - What can I claim expenses?
Preparing for your tax liabilities
Preparing for your tax bill
Do you struggle with your Income and Expenses?
Important Dates for your Diary - Self Employed/Sole Traders
Self Employed Start-up Checklist
Holiday entitlement
PAYE and Payroll for employers. Including New Starter Check List Download
