23 April 2012

Should you do a Tax Return?

Useful list from HMRC - when you need to do a tax return. If:
  • Self-employed
  • Company director
  • Income over £100,000
  • Savings / investment income over £10,000
  • More than £2,500 in untaxed income
  • Income from letting out property
  • Foreign income liable to UK tax
  • Employee claiming expenses of more than £2,500
Also worth doing (or at least telling HMRC) if:
  • You're a higher rate taxpayer and have made pension contributions or Gift Aid donations

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