You must file a tax return if, in the last tax year (6 April to 5 April), you were:
You will not usually need to send a return if your only income is from your wages or pension. But you may need to send one if you have any other untaxed income, such as:
You can choose to fill in a tax return to:
If your income (or your partner’s, if you have one) was over £50,000, you may need to send a return and pay the High Income Child Benefit Charge.
HMRC must receive your tax return and any money you owe by the deadline.
A tax year runs from 6th April to the following 5th April
There’s usually a second payment deadline of 31st July if you make advance payments towards your bill (known as ‘payments on account’). You will be required to make a payment on account for the next tax year if your tax bill is over £1,000. There are penalties for late payments.
If your partnership’s accounting date is between 1st February and 5th April and one of your partners is a limited company, the deadline for:
We love talking to you about your business and your future plans.
Book a consultation so that we can discuss ways to get your business to the next level.
Understanding and improving your numbers
Book a call today to see how we can help you understand and improve your numbers.
© Optics Accounting 2022 All rights reserved
Site by B Bizzi
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |