The criteria for who needs to register for self assesment is listed below. Tax returns and self assessment can be a complicated matter which we can help you with. To find out more please get in touch using our CONTACT PAGE.

You’ll need to complete a tax return if, in the last tax year up to 5 April :

• You were self-employed
• You received £2,500 or more in untaxed income, for example from renting out a property or savings and investments
• Your savings or investment income was £10,000 or more before tax
• You made profits from selling assets such as shares, a second home or other chargeable assets and need to pay Capital Gains Tax
• You were a company director  (unless it was for a non-profit organisation, such as a charity, and you didn’t get any pay or benefits, like a company car)
• Your income (or your partner’s) was over £50,000 and one of you claimed Child Benefit
• You had income from abroad that you needed to pay tax on
• You lived abroad and had a UK income
• You got dividends from shares and you’re a higher or additional rate taxpayer
• Your income was over £100,000
• You were a trustee of a trust or registered pension scheme
• You had a P800 from HMRC saying you didn’t pay enough tax last year – and you didn’t pay what you owe through your tax code or with a voluntary payment
• From 6 April 2018, if your dividend income was more than £2000