You can save yourself a considerable amount of time, effort and expense by finding out whether you still need to complete a Return after changes in your circumstances.
HMRC are keen to reduce their workload in processing self-assessment Returns where they are no longer required and you should review this after any change of circumstances.
To check if you need to complete a Tax Return, visit the GOV.UK website at www.gov.uk/check-if-you-need-a-tax-return.
Example:
Ryan was self-employed for a few years, but has been an employee on PAYE earning under £30,000 per annum for the past two years.
He has no other sources of income or gains.
As he is sent a notice to file a Tax Return each year, his accountant duly files this and charges a fee for determining that no tax is due.
By checking with HMRC whether he still needs to file and receiving a response that he is being removed from the obligation to file, he saves himself the time and expense of having to complete the form each year.
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