Most people in the UK do not need to file a tax return because they pay tax at source.
However, there are a few situations when you do need to file a personal tax return. This is also called a Self Assessment.
1. If you have any untaxed income
2. You want to claim a tax refund
- You work in the construction industry through the CIS scheme
- You’ve made investments in SEIS or EIS eligible startups or VCT funds
- You’ve made donations to charity
- You made private pension contributions as a higher rate taxpayer
- You had work expenses over £1,000
3. HMRC tells you to submit one
- You received a P800 form
- HMRC sent you a notice to file a tax return
4. You qualify for benefits
- You need to prove you’re self-employed to claim Maternity Allowance or Tax-Free Childcare
- You want to make voluntary Class 2 National Insurance contributions and qualify for benefits
5. Other situations
I’m a director of a limited company – do I still need to file a personal tax return?
Only if you paid yourself dividends over £10,000.
Otherwise, not anymore.
You still need to make sure that your company submits a corporate tax return, however.