First time tax return?

First time tax return? Read on to find out more about who it applies to and what you need to do.

Taxpayers who are new to Self-Assessment for the 2022 to 2023 tax year may include:

💸 those who are newly self-employed and earned more than £1,000;
💸 a new partner in a business partnership;
💸 those who had a total taxable income of more than £100,000;
💸 those who have received any untaxed income such as tips, commission, money from renting out a property or income from savings, investments, and dividends; and
💸 those claiming Child Benefit but they or their partner have an income above £50,000.

If you have any queries please do get in touch and speak to one of our tax experts.

📩 info@thornewidgery.co.uk​​​​​​​​
📞01432 276393​​​​​​​​