Submitting a tax return for the first time? 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 are submitting a tax return for the first time and you have any queries please do get in touch and speak to one of our tax experts.
📩 info@thornewidgery.co.uk
📞01432 276393