If you are self-employed, a business owner, Director or have multiple sources of income, you will need to complete a personal tax return each year.
A personal tax return is the annual calculation of your primary sources of income and the tax due. It is important to make sure you capture and report all aspects of your taxable income in your self-assessment return.
Away from your primary income stream, other income derived from alternative sources such as:
- property rentals
- share dividends
- bank interest
- investments
- asset disposals
may require reporting and result in payment to the tax authorities.