{"id":556,"date":"2019-10-03T00:00:00","date_gmt":"2019-10-02T23:00:00","guid":{"rendered":"http:\/\/duffyregan.co.uk\/index.php\/2019\/10\/03\/do-you-need-to-file-a-tax-return\/"},"modified":"2019-10-03T00:00:00","modified_gmt":"2019-10-02T23:00:00","slug":"do-you-need-to-file-a-tax-return","status":"publish","type":"post","link":"http:\/\/duffyregan.co.uk\/index.php\/2019\/10\/03\/do-you-need-to-file-a-tax-return\/","title":{"rendered":"Do you need to file a tax return?"},"content":{"rendered":"<p>The following guidelines are reproduced from the government&rsquo;s website:<\/p>\n<p><em>You must send a tax return if, in the last tax year (6 April to 5 April), you were:<\/em><\/p>\n<ul>\n<li><em>self-employed as a &lsquo;sole trader&rsquo; and earned more than &pound;1,000<\/em><\/li>\n<li><em>a partner in a business partnership<\/em><\/li>\n<\/ul>\n<p><em>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:<\/em><\/p>\n<ul>\n<li><em>money from renting out a property<\/em><\/li>\n<li><em>tips and commission<\/em><\/li>\n<li><em>income from savings, investments and dividends<\/em><\/li>\n<li><em>foreign income<\/em><\/li>\n<\/ul>\n<p><em>Other reasons for sending a return<\/em><\/p>\n<p><em>You can choose to fill in a tax return to:<\/em><\/p>\n<ul>\n<li><em>claim some Income Tax reliefs<\/em><\/li>\n<li><em>prove you&rsquo;re self-employed, for example to claim Tax-Free Childcare or Maternity Allowance<\/em><\/li>\n<\/ul>\n<h3><em>If your income (or your partner&rsquo;s, if you have one) was over &pound;50,000, you may need to send a return and pay the High Income Child Benefit Charge.<\/em><\/h3>\n<p>Unfortunately, this is just the tip of the iceberg. For example, you may have to submit a return if you have made significant capital gains in a tax year.<\/p>\n<p>If you are at all uncertain if you do need to file, please call. There are significant penalties for failing to register and submit a return. The deadline to register for the tax year 2018-19 is imminent, 5 October 2019, and so action should not be delayed.<\/p>\n<p>If your circumstances have only recently changed &ndash; during the current 2019-20 tax year &ndash; you have more time, but it is worth getting the registration process completed so you can start to plan for any tax payments that may fall due 2020 and beyond.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>The following guidelines are reproduced from the government&rsquo;s website: You must send a tax return if, in the last tax year (6 April to 5 April), you were: self-employed as a &lsquo;sole trader&rsquo; and earned more than &pound;1,000 a partner in a business partnership You will not usually need to send a return if your [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-556","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"_links":{"self":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=556"}],"version-history":[{"count":0,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/556\/revisions"}],"wp:attachment":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=556"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}