BizSugar.com › Taxes › Submitting your self assessment tax return

With Christmas and the New Year out of the way, our thoughts turn to the first milestone of the year, submitting our self assessment tax returns. When the original paper return forms arrived last April there seemed to be so much time to return the forms that it was easy to put them aside for a short while. Now the deadline is a few weeks away and there is no time to loose.
So, who has to complete a self assessment tax return? For a start, everyone who received a return form from HMRC last year will have to submit a return whether they think tax is due or not. In addition, anyone who has fallen within the tax return sphere during the tax year ended 5 April 2010 will need to file a return for that year. In general, self assessment returns are required from all those who are self employed, company directors, ministers, names at Lloyds, together with those whose income or capital gains have exceeded a certain level.