If you are thinking “thank goodness I haven’t been sent a tax return, I don’t need to submit one” think again. There are various reasons why you may still need to file a tax return even though HMRC haven’t sent a request to you.
Firstly, if you received a request from HMRC to file a personal tax return, this is a legal request and you must file a return. If you do not comply with this request you face penalties from HMRC.
No Specific Request From HMRC
If you haven’t received a tax return or request you may still need to file one if any of the following are applicable (this is not an exhaustive list):
- You are self-employed or a partner in a partnership
- You have received dividends that take you into the higher rate tax band (refer to our Tax Centre for the latest rates )
- You receive rental income
- Income from untaxed savings (excluding ISAs)
- You have received any other type of income that has yet been undeclared, e.g. after dinner speaking, consultancy work, online trading
- You have a capital gain, e.g. you have sold a second property, sold shares
Other Tax Return Requirements
Other reasons why you may need to file a tax return, and where you could potentially receive a tax rebate / saving are:
- You receive a mile