File on time, whilst taking advantage of tax saving opportunities
Who needs to file a personal tax return?
There are a number of reasons why you would need to submit a Personal Tax Return to HMRC. If you receive any form of the following income streams, whether or not you also have a salaried job, you will need to file a Personal Tax Return:
Dividends from shares in a limited company
Sole trade business with turnover above £1,000
If you are a partner in a partnership or LLP
If you own rental properties
If you earn over £100,000 per year from a salaried job
If you trade in assets that qualify for Capital Gains Tax
Other more exceptional scenarios reviewed on a case by case basis
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