Who needs to complete a tax return?

  • 1. Self-employed people (including members of a partnership)
  • 2. Company directors (unless you’re a director of a non-profit organisation, for example a charity, and don’t receive any payments or benefits)
  • 3. Anyone who has Capital Gains Tax to pay, for example you’ve sold, given away or otherwise disposed of an asset such as a holiday home or shares
  • 4. People who receive rent or income from land or property in the UK or other untaxed income (but if you’re an employee or pensioner see the section below)
  • 5. Employees and pensioners with complex tax affairs (see the section below**)
  • 6. Ministers of religion (any faith)
  • 7. People with taxable foreign income, even if they aren’t normally resident in the UK (this includes non-resident landlords)
  • 8. Anyone who receives annually (or can be treated as receiving) income from a trust or settlement, or any income from the estate of a deceased person, and further tax is due on that income
  • 9. Trustees and personal representatives (including people who manage the tax affairs of deceased persons)
  • 10. Trustees of certain pension schemes
  • 11. Those who have been asked to do so by HMRC
  • 12. Employees and pensioners with complex tax affairs
  • 13. Have an annual income of £100,000 or more
  • 14. Have annual income from savings or investments or rental income of £10,000 or more (before tax)
  • 15. Claim against tax for expenses or professional subscriptions of £2,500 or more
  • 16. Have untaxed income of £2,500 or more
  • 17.Owe tax at the end of the year that can’t be collected through a change to your PAYE tax code for the following year
  • 18. Have sold, given away or otherwise disposed of an asset, for example a property that’s not your main home or shares and have Capital Gains Tax to pay

We have teamed up with a City based firm of Chartered Accountants to complete tax returns for our clients at a nominal cost for simple situations.

If you think you meet any of the above criteria then please feel free to get in touch today:

CALL 020 7562 5878 OR E-MAIL info@holderandcombes.co.uk