With less than 100 days to go until the deadline for online returns (31 January 2023), and 5 days until the deadline for paper returns (31 October 2022), there’s no time like the present to complete your tax return.
Sending your return early comes with the benefit of knowing what you owe so you can budget to make the payment by 31 January 2023, and if you need to look at the range of payment options available, filing early allows you to enter a payment plan in good time. Any repayments which may be due can also be claimed early.
Unsure if you need to file a self-assessment tax return?
You must file a self-assessment return if, in the last tax year, you were:
- self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on)
- a partner in a business partnership
You will not usually need to send a return if your only income is from your wages or pension. But you may need to send one if you have any other untaxed income, such as:
- some COVID-19 grant or support payments
- money from renting out a property
- tips and commission
- income from savings, investments, and dividends
- foreign income
If you are still unsure if you need to file a return, you can use the HM Revenue and customs check service by clicking here.
Get in touch
For further advice or help with completing your 2021/22 self-assessment tax return, please contact Julie Walsh by using the button below.
