Do I need to submit a Personal Tax Return? | MJH Accountants Preston
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Advice For You & Your family

Do I need to submit a Personal Tax Return?

Determining whether a personal tax return is required is the first stage to managing your personal tax affairs

If you are not sure whether you need to personal tax return it is always better to enquire to avoid penalties for not filing a return. Please contact us to find out how we can help you.

If you are not sure whether you need to personal tax return it is always better to enquire to avoid penalties for not filing a return. Please contact us to find out how we can help you.

Don't get caught out

If you meet any of the criteria you must submit a personal tax return to HMRC:

  • You are a company director
  • Your income from self-employment was over £1,000
  • You received more than £2,500 from renting out a property. You must also contact HMRC if it was between £1000 – £2500
  • You received more than £2,500 in other untaxed income, for example tips or commission
  • Your income from savings or investments was £10,000 or more before tax
  • Your income from dividends was £10,000 or more before tax. You must also to tell HMRC if it was over £2,000
  • Capital gains of more than £12,300 on sale of assets during the year
  • Your income (or your partner’s) was over £50,000 and you claimed child benefit
  • You had income from abroad that you need to pay tax on
  • You lived abroad and had UK income
  • Your taxable income was over £100,000

Book a No-obligation Call or Meeting

Book a call or meeting discuss your needs, we’ll discuss your business in detail and how we plan to make you more successful as well as provide a detailed proposal of our services. At MJH Accountants, we take the time to understand your goals and objectives and work with you to achieve these with our tailored approach.

Book a Call or Meeting

Book a No-obligation Call or Meeting

Book a call or meeting discuss your needs, we’ll discuss your business in detail and how we plan to make you more successful as well as provide a detailed proposal of our services. At MJH Accountants, we take the time to understand your goals and objectives and work with you to achieve these with our tailored approach.

Book a Call or Meeting

Call us on:

01772 721704