for your self- assessment
- it’s not too far away now..
you will need: Let’s start with some of the obvious things. If you’re reading this you are more than likely a business owner and director of a company, therefore HMRC require you to complete a Self-Assessment tax return which is due to be completed, filed online (and paid) before midnight on the 31st January 2021. You can complete the forms yourself or get an Accountant to do this for you, it depends on the perceived complexity of your untaxed income for the period 6th April 2019 to 5th April 2020 and your head for figures, it is not difficult to complete the form just important you get it right. If you’ve never registered for Self-Assessment you need to get on to Register for Self Assessment - GOV.UK (www.gov.uk) and get the process started as soon as possible. It can be very frustrating waiting for the code to arrive as the deadline approaches. Once you have your 10-digit UTR (Unique Tax Reference) you’ll need a few pieces of information be able to complete the SA100 Tax Return.
- UTR Number - NINO – National Insurance Number - The details of all your untaxed income for the period; - Self-employment - Dividends - Share interest - Rent from property - Pension income - Benefit income - The details of any expenses you’ve incurred relating to your untaxed income (that hasn’t gone through your company); - Pension contributions - Charitable donations - Other allowances - Your P60 from paid employment for this period.
