SELF ASSESSMENTS
Tax is usually deducted automatically from wages, pensions and savings. People and businesses with other income must report it in a tax return.
Who must send in a tax return
You must send in a tax return if in the last tax year (6 April to 5 April) you were:
self-employed as a ‘sole trader’ and earned more than £1,000
a partner in a business partnership
a Company Director owning shares in your company
You will not usually need to send a return if your only income is from wages or pension. But you may need to send one if you have any other untaxed income such as:
money from renting out a property
tips and commission
income from savings, investments and dividends
foreign income