HMRC shares rules on who needs to fill in a tax return by October deadline

HM Revenue and Customs paperwork with coins piled on top of it
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HM Revenue and Customs has shared a full list of scenarios in which people may need to complete a self-assessment tax return. The deadlines for submitting tax returns for the 2023-2024 tax year are October 31, 2024, if filing on paper, or January 31, 2025, if doing so online.

More than 12 million taxpayers are due to complete self-assessment for the 2023-2024 financial year and pay any tax they owe. HMRC says its helpline and webchat services are on hand for anyone who needs them, and plenty of support is also available online.

Myrtle Lloyd, HMRC director general for customer services, said: "We want to help customers get their tax returns right first time, which is why we have produced a wealth of online resources and guidance to support them every step of the way." She added that anyone new to self-assessment needs to register to receive their Unique Taxpayer Reference before they can send a tax return for the 2023 to 2024 tax year.

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HMRC says taxpayers may need to complete a tax return, even if they pay taxes through the PAYE system, if they:

  • are self-employed and have earned gross income over £1,000

  • are self-employed and earned up to £1,000 and wish to pay Class 2 NICs voluntarily to protect their entitlement to State Pension and certain benefits

  • are a partner in a business partnership

  • had a total taxable income of more than £150,000

  • have received any untaxed income including pension income over £2,500

  • received income over £1,000 from trading or providing services online

  • have to pay the High Income Child Benefit charge

  • received interest from banks and building societies or investments (more than £10,000)

  • received rental or letting income from UK land and property

It has issued a full list of people who may need to complete a self-assessment tax return, stating that it includes those who:

  • are self-employed and have earned gross income over £1,000

  • are self-employed and earned up to £1,000 and wish to pay Class 2 NICs voluntarily to protect their entitlement to State Pension and certain benefits

  • are a partner in a business partnership

  • had a total taxable income of more than £150,000

  • have received any untaxed income including pension income over £2,500

  • received income over £1,000 from trading or providing services online

  • have any gains or income from crypto-assets

  • are claiming Child Benefit and they or their partner had an income above £50,000 for the 2023-2024 tax year

  • received interest from banks and building societies or investments (more than £10,000)

  • received income from property that they own and rent out

  • received dividends payments (more than £10,000)

  • claim tax relief for their job expenses if more than £2,500

  • need to pay Capital Gains Tax on gains of more than £6,000 (in the 2023-2024 tax year)

More than 97 per cent of people now file their self-assessment tax returns online. You can find more information and help on GOV.UK

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