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Tax Return 2015-2016 Deadline 31 January 2016 ALERT!!

You’ll need to send a tax return, if in the last tax year:

> You’re self-employed.
> You are a partner in a business Partnership
> You are a company director
> Your annual income more than £100,000 or more
> You have income from property
> You have income from savings or investment that has been taxed and is £2,500 or more (Bank account interest is usually taxes automatically)
> You need to claim expenses or reliefs
> You or your partner receive child benefit and income is over £50,000
> You get income from oversees
> You have income from trusts, settlement or estates
> You have capital gain tax to pay
> You have lived or work abroad or don’t live in the UK permanently
> You are trustee

Penalties
1 Day late >£100 fine
3 Months late > The £100 above plus £10 for each further day that you are late, which can total up
to £900.
6 Months late > All of these palatines above plus £300 or 5% of tax due (whichever is higher)
12 Months late > All penalties above plus £300 or 5% of tax due

Taxcare Accountancy 103 Cranbrook Road, Ilford, Essex, IG1 4PU
T: 02084783383 E: info@taxcareaccountancy.co.uk

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Where to Find Us

Taxcare Accountancy

103 Cranbrook Road,

Ilford, Essex

IG1 4PU

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