{"id":451,"date":"2017-12-08T00:00:00","date_gmt":"2017-12-08T00:00:00","guid":{"rendered":"http:\/\/taxbak.co.uk\/index.php\/2017\/12\/08\/do-you-need-to-submit-a-self-assessment-tax-return\/"},"modified":"2017-12-08T00:00:00","modified_gmt":"2017-12-08T00:00:00","slug":"do-you-need-to-submit-a-self-assessment-tax-return","status":"publish","type":"post","link":"http:\/\/taxbak.co.uk\/index.php\/2017\/12\/08\/do-you-need-to-submit-a-self-assessment-tax-return\/","title":{"rendered":"Do you need to submit a self-assessment tax return"},"content":{"rendered":"<p>According to HMRC, you are required to send in a tax return in the last tax year if:<\/p>\n<ul>\n<li>you were self-employed &#8211; you can deduct allowable expenses<\/li>\n<li>you got &pound;2,500 or more in untaxed income, for example from tips or renting out a property<\/li>\n<li>your income from savings or investments was &pound;10,000 or more before tax<\/li>\n<li>your income from dividends from shares was &pound;10,000 or more before tax<\/li>\n<li>you made profits from selling things like shares, a second home or other chargeable assets and need to pay Capital Gains Tax<\/li>\n<li>you were a company director &#8211; unless it was for a non-profit organisation (such as a charity) and you didn&rsquo;t get any pay or benefits, like a company car<\/li>\n<li>your income (or your partner&rsquo;s) was over &pound;50,000 and one of you claimed Child Benefit<\/li>\n<li>you had income from abroad that you needed to pay tax on<\/li>\n<li>you lived abroad and had a UK income<\/li>\n<li>your taxable income was over &pound;100,000<\/li>\n<li>you were a trustee of a trust or registered pension scheme<\/li>\n<li>you had a P800 from HMRC saying you didn&rsquo;t pay enough tax last year &#8211; and you didn&rsquo;t pay what you owe through your tax code or with a voluntary payment<\/li>\n<li>your State Pension was more than your Personal Allowance and was your only source of income &#8211; unless you started getting your pension on or after 6 April 2016<\/li>\n<\/ul>\n<p>Certain other people may need to send a return (for example religious ministers or Lloyd&rsquo;s underwriters). Usually, you won&rsquo;t need to send a return if your only income is from your wages or pension.<\/p>\n<p>There are penalties for non-submission of returns, so if you are at all uncertain that you should submit a return, please call, we would be delighted to offer an opinion.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>According to HMRC, you are required to send in a tax return in the last tax year if: you were self-employed &#8211; you can deduct allowable expenses you got &pound;2,500 or more in untaxed income, for example from tips or renting out a property your income from savings or investments was &pound;10,000 or more before [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-451","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-left-layout","blog-style-postblock","","blog-alt-odd"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=451"}],"version-history":[{"count":0,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/451\/revisions"}],"wp:attachment":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=451"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}