Income Tax Returns
The UK tax code is not logical and there are literally 1000’s of allowance and deductions that can be claimed but unless you are an expert you cannot possibly know them all.
The UK tax code is not logical and there are literally 1000’s of allowance and deductions that can be claimed but unless you are an expert you cannot possibly know them all. In addition how do you know that you have covered everything. We are experts in all things to do with tax and tax planning and so it is wise to leave this to someone like us.
Even if you do not have to file a self assessment return because you are employed and it is your only source of income it may be wise to have your tax reviewed as HMRC have in the past made many mistakes and these are not always picked up.
These are some of the reasons you have to file a self assessment tax return in the UK
You are self employed or a partner in a partnership
You have more than one source of income
You are a director of a company
You have taxable capital gains
You have rental property
You receive tax credits and your income is over £50.000
You are not domiciled in the UK