Many people often find themselves wondering “do I need to file a tax return?” There is no simple answer to that question, as there are several circumstances that may require you to register for self-assessment and file a return to HMRC. If you have any income that is not taxed at source, it is likely that you will need to complete a Self-Assessment. For example
- Income from self-employment
- Income from letting property
- Dividend income
- PAYE income more than £100,000
- Capital gains
- Other revenue which is received gross (before tax)
We can help you to file self-assessment accurately and timely with a keen focus on minimizing tax liability by effective tax planning and claiming available allowances.
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IMS Accountancy Services is an independent firm of accountants offering services to individuals, small and medium-sized companies, and partnerships.
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0115 7788 110
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50 Wigman Road, Nottingham NG8 3HW, United Kingdom