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Frequently Ask Questions

Is it mandatory to file Tax

Yes, You must send a tax return if, in the last tax year (6 April to 5 April), any of the following applied: -you were self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on) -you were a partner in a business partnership -you had to pay Capital Gains Tax when you sold or ‘disposed of’ something that increased in value -you had to pay the High Income Child Benefit Charge You may also need to send a tax return if you have any untaxed income, such as: -money from renting out a property -tips and commission -income from savings, investments and dividends -foreign income You must file your tax return to HMRC every year. If not, you will be fined up to £100 every month from the due date.

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