- Home
-
Tax News
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice and Methods
- Professionals in Practice & Industry
- General
- TaxationWeb
-
Tax Articles
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings and Investments, Pensions and Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice & Methods
- Professionals in Practice & Industry
- General
- Tax Tips
-
Tax Forum
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations and Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practices & Methods
- Professionals in Practice & Industry
- General
- Tax Jobs
- Get in Touch
Where Taxpayers and Advisers Meet
Tax return needed?
I don't understand why I don't need to file a self assessment return with pension income of £30000 and untaxed savings income of £9000. It seems to me I should be paying income tax but the HMRC site says I don't need to file a return. Could anyone clarify please?
Re: Tax return needed?
If that was for the period to 5 April 2017, you have until 5 October to tell HMRC that you have a tax liability. They are likely to ask you to complete a return. This is because your untaxed incoem is over 2500. The website isn't clear in this point.
-
The Ivy Office Ltd
- Posts:333
- Joined:Wed Aug 06, 2008 3:44 pm
Re: Tax return needed?
You will probably have a tax bill for 2016/2017.
We can do a quick check for you at no cost.
Contact us on dennis@taxesclear.co.uk
We can do a quick check for you at no cost.
Contact us on dennis@taxesclear.co.uk
Dennis
dennis@theivyoffice.co.uk
dennis@theivyoffice.co.uk
Re: Tax return needed?
The HMRC website indicates the criteria for having to submit a tax return. However, you can submit a tax return whether HMRC requests one or not. Personally, I've submitted a tax return every year since 1966, mainly to check my calculation against HMRC's and also to ensure any tax payment/refund is up-to-date.
Re: Tax return needed?
HMRC's statements as to when a tax return must be filed seem to me to have no statutory authority whatsoever. They are, I would suggest, "guidance" only and should not be used by a taxpayer to determine whether or not they have to file.
