Self Employed – Self Assessment Tax return
Self Employed – Self Assessment Tax return
Submitting a Self Assessment return is mandatory in the following cases:
- for those who are Self-employed
- for those who have earned £ 2,500 or more in taxable income, such as from leasing real estate
- for those whose income from saving or investing exceeds £ 10,000,
- for those whose dividend income on their shares exceeded £ 10,000,
- those who made a profit from selling things like shares, second homes, or other taxable assets (for example, if they sold property they acquired through inheritance) and capital gains tax,
- for those who were a Director of a Company (also in LTD) (unless a non-profit organization was, for example, a director of a charity)
- those whose income (or partner’s income) is over £ 50,000 and one of them has received Child Benefit,
- for those who have earned taxable income from abroad,
- for those who live abroad and had a UK taxable income
- those whose taxable income exceeds £ 100,000, and
- for those who were agents of a Trust or a registered Pension Scheme.
