What You Need To Know About Personal Tax Returns
Do I need to fill in a self-assessment tax return?
You will need to fill in a self-assessment tax return in the UK depending on several factors. For starters, if your self-employment income is more than £1,000 before your expenses, then you’re supposed to fill in a self-assessment tax return.
How to register for a self-assessment tax return?
There are several ways to register for a self-assessment tax return if you’re:
- Self-employed
- Not self-employed but need to declare income
- In partnership
Your unique taxpayer reference will be sent to you once you’ve registered. Find out more about personal tax returns in our more in-depth article Everything You Need To Know About Tax Returns
For more information, speak to our team of accountants in Coventry