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Should you be filing a Self Assessment

12th January 2010

The HMRC deadline to file your personal tax return is the 31/01/10.

We recommend you file a personal tax return if:

• Your were a company director in the tax year 08/09
• You have been sent a paper return by HMRC in the post
• If you are in higher rate tax (Higher rate tax band for 08/09 was earnings in excess of £40,025) and have income untaxed or taxed at basic rate you should do a return. This would include any capital gains such as on shares or selling a second property
• If you are a basic rate taxpayer but have untaxed income or need to disclose income such as property letting income. Even if you make a loss on property letting it should be claimed so it can be offset against future profits, so reducing future tax.

If you do not make a return and HMRC find out at a later date that you owe tax, there will be penalties of up to 100% of the tax plus interest.

It is also possible that you may have had a tax code that over-taxes you. We can help get this tax back - possibly without doing a full return.

How to Proceed

If you would like us to file this for you, we require you to complete a questionnaire, which you can do on line at https://www.carringtonaccountancy.com/self-assessments/questionnaire

If you have any queries, please do not hesitate to contact us. We look forward to being able to assist you in filing this return.

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