UK HMRC Self-Assessment tax returns
May 14, 2022
Self-employed people, owners of buy-to-let properties that generate a rental income or employees earning more than £100,000 will need to submit a self-assessment tax return to HMRC.
The fiscal tax year in the UK runs from 6th April to the following 5th April each year. Tax returns must be submitted to HMRC by 31st January and any tax liabilities paid on the same date.
UK taxpayers may need to make payments on account of future UK tax liabilities. These payments on accounts (POA) are added to the outstanding tax liability. The POA is calculated at 50% that needs to be paid on 31st January, and another 50% of the current tax liability to be paid on 31st July
Optimise Accountants can help you file personal self-assessment tax returns to HMRC on time whilst being tax efficient.
www.optimiseaccountants.co.uk
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