Director and Personal Tax Return

Purpose:

Tax returns are to determine how much tax you have already paid and how much tax you owe to pay.

Summary of Key points:

• You can either fill in your tax return online or on paper.
• Deadline for online tax return is 31st January after the tax year end.
• Deadline for paper tax return is 31st October after the tax year end.
• If you're on PAYE, you don't have to fill in a tax return whereas if you're a Company director you must.
• There are 2 types of tax returns; Short (4 pages) and Full (many pages!) - check whether you can just get over it by the Short Tax Return.

Links:

• Contact Self Assessment Helpline
• How to Complete the Tax Return
• The Short Tax Return
• Register for Self Assessment: http://www.hmrc.gov.uk/sa/forms/sa1.pdf