Self Assessment: Seven easy steps to completing your Tax Return
The following information has been reproduced from the Inland Revenue site and provides an easy step-by-step guide to completing and sending in your self assessment tax return each year.
| 1. | Get all your tax records together, such as bank and building society statements, business earnings, expenses, or accounts where appropriate. If you are an employee, you will probably get a P60 and you may also get a copy of form P11D from your employer if you received taxable expenses or benefits. If you have changed jobs during the tax year, you should also have a P45 Part 1A. |
| 2. | If you have received a paper Tax Return read pages 1 & 2 first. Decide if you are going to file your Tax Return over the Internet. You can register & enrol for our Self-Assessment Online service here. |
| 3. |
Decide if you are going to send back your return by 30 September,
30 December or 31 January.
30 September after the end of the tax year – Paper Returns
30 December after the end of the tax year – Online Return If you file your Tax Return online by 30 December, (or 29 December if using ELS) and you owe less than £2000 we may be able to collect it through your PAYE tax code number.
31 January after the end of the tax year – Paper and Online Return
Note: The deadline dates for Partnership Returns may be different - please see the information under ‘keydates’ on the Partnership section of the individuals & employees pages. |
| 4. |
If you are going to send in a paper return check that you
have all the pages you need by completing page
two.
If you need extra pages:
|
| 5. |
Complete the Tax Return by following the guidance notes in
the Tax Return and Tax Return Guide. Make sure you understand
them and are sure of the figures you want to enter before starting
the return.
Note: You will not receive the Tax Return Guide (PDF 3.8 meg.) if you usually file your return online, or if your agent/tax adviser usually files your return. |
| 6. |
If you need help, contact:
|
| 7. |
Check your Tax Return once you've finished, make sure
you haven't forgotten anything and attach all your supplementary pages. If it is a paper return make sure you sign
it and attach all relevant forms, such as CIS25 (Construction Industry
Scheme vouchers). Finally, make sure you get it back to us so that
we receive it by either 30 September, 30 December or 31 January
deadlines.
Remember
|
Posted October 24, 2005
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