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 (also called a “Self Assessment”).
1. If you have any untaxed income
2. If you want to claim a tax refund
- if you work in the construction industry through the CIS scheme
- if you’ve made investments in SEIS or EIS eligible startups or VCT funds
- if you’ve made donations to charity
- if you’ve made private pension contributions as a higher rate taxpayer
- or if you had work expenses over £2,500.
3. If HMRC tells you to submit one
- if you received a P800 form
- or if you received a notice to file a tax return.
4. If you need to qualify for benefits
- if you need to prove you’re self-employed to claim Maternity Allowance or Tax-Free Childcare
- or if 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.