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Self assessment tax return form

self assessment tax return form

Tax is usually deducted automatically from wages, pensions and savings.
Millions of people could be freed from the hassle of submitting a tax return, as hmrc begins its roll out of a simplified system for some taxpayers.
Sending your return, log in and file your tax return online, or send a paper form.If you need to send one, you fill it in after the end of the tax year (5 April) it applies.This could be a P800 beyonce promotion code form, if youve switched jobs, have started receiving a pension at work, or have received employment and support allowance, or jobseekers allowance.If the information hmrc holds is correct, youll simply need to pay the bill online or by cheque.Dont include personal or financial information like your National Insurance number or credit card details.You can be fined if you dont provide information to hmrc within the deadline, or dont pay your taxes on time.Miss the deadline by a day and youll be slapped with a 100 fine.People who are eligible for Simple Assessment will receive a letter from hmrc with their tax assessment.How will Simple Assessment work?Existing state pensioners who complete a tax return because their state pension is worth more than the annual allowance will be switched to the Simple Assessment system in the 2018-19 tax year.Registered Company Address: Swatton Barn, Badbury, Swindon, England, SN4 0EU.Other eligible taxpayers will receive a Simple Assessment letter which is likely to be the case if you owe more than 3,000, have to pay tax on the state pension, or owe taxes that cant be automatically paid through paye.The deadline will be specified in the letter.What happens if I miss the deadline?Otherwise, youll have 60 days to contact hmrc to correct any errors, or flag information that hasnt been taken into account.If you didnt send an online return last year, allow extra time (up to 20 working days) as youll need to register first.What you were doing What went wrong.
The introduction of Simple Assessment will mean that new state pensioners in the 2016-17 tax year with incomes above the 11,500 personal tax allowance will no longer need to submit a full return, and nor will paye taxpayers who need to make up a shortfall.