Tax Related Topics

[friendly accountant]

Eleventh useful post...

Even if you are not earning above the tax free personal allowance a year (currently £8,105) then you MUST still complete a self assessement tax return. It doesn't mean you have to pay tax, bit HMRC still want a completed tax return - it's the law. I have talked to a few students and part time cammers over the last year who were unaware of this fact.

Get in the system and you don't have to worry about that dreaded knock on the door.

[This is not a blatant push at attracting new customers as I have actually been known to help a couple of people on here who weren't earning lots of money and just wanted a bit of advice when it came to completing the tax return. I was happy to give general advice over the phone as long as it was on the understanding that it could not be relied upon as they weren't a fee paying client (usual legal stuff that professionals are forced to stipulate etc). All I asked was that they bung a couple of gold coins into the local air ambulance charity box when they saw one next.]