Dealing with your Tax Returns online
by Startacus Admin
Yes, the deadline for sending your paper Self-Assessment tax return has now passed (31st October) but don’t worry you can still file your tax return online. Steve Girling from itab gives Startacus the lowdown...
The deadline for sending your tax return online is 31st January by midnight. Sending your tax return online can be quite straight forward and the advantages are that at least your figures are calculated 
automatically and you’ll know straight away what you owe or if you’re lucky what HMRC owes you.
How do I send it online?
The first thing you will need to do is sign up for HMRC services, you will need your Unique Tax Reference (UTR) number and either your postcode or National Insurance number at the ready then you can do this by visiting: https://online.hmrc.gov.uk/registration/
Once signed up you’re then ready to use the HMRC Self-Assessment service, which is completely free. It can take HMRC up to 7 days to send you your activation code, so don’t leave it until the last minute.
I’m planning on filing the return myself but what tips could you give me?
The main tip we would give anybody filing their return is to be prepared. Yes, its sounds straight forward but it would take an awful lot more of your time if you don’t have the relevant information. A rough list of what you could need:
P60
P11d
Self-employed accounts
Information on any other income, such as investments, pension, savings, property.
Make sure you then complete all of the relevant pages then when you are happy either print off a copy or save a copy on your computer. You don’t have to send HMRC any of your paperwork although you must keep your back up paperwork in case HMRC do ask.
itab specialises in providing low cost, simple and straight forward accounting services to individuals, sole traders and small limited companies.
For further information you can contact itab on 07585 499552, steven.girling@itab.org.uk, www.itab.org.uk or follow us on twitter @itabSteve
Join the Self Start society! If you like what you see here on Startacus and want to get involved yourself, why not become a member of our growing community by joining for free here!
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
YoungPlanet is an app that aims to 'enables parents to put no longer used children’s things to good use with new families and away from landfill, for free'
Major investment news for the London-based fintech to support its product innovation and ambition to help small businesses thrive across the UK
The Yorkshire-based tech spin-out, FourJaw secures major funding to assist with developing its technological solutions for the manufacturing sector
The lowdown on Jack & Bry, the innovative London-based startup that makes a range of plant-based meats, all from Jackfruit
Week Gen-C is a week long calendar of events focused on entrepreneurship and careers, aimed at helping young people affected by the covid pandemic in the North West of NI
Leading startup community, YSYS launch 4 days of innovative online conversations and a range of new initiatives with the core theme of “Access”
Jean Gamester from Toastmasters International shares her tips on bringing back some of that old normal and staying fabulously virtually connected
Karakuri is a London-based startup that's using robotics to create innovative solutions for the catering sector
Planning to launch a fashion brand this year? Here are a few basic tips that will help you do just that and get your business off to the right start
Bippit is an online platform and app that helps companies to support the financial needs of their employees - not just via their salary
Published on: 4th November 2012
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Countingup closes £9.1 million Series A investment 3rd Mar 2021 Major investment news for the London-based fintech to support its product innovation and ambition to help small businesses thrive across the UK
- FourJaw’s six figure venture capital boost 1st Mar 2021 The Yorkshire-based tech spin-out, FourJaw secures major funding to assist with developing its technological solutions for the manufacturing sector
- Week Gen-C to offer career and entrepreneurship respite to pandemic-hit youth 1st Mar 2021 Week Gen-C is a week long calendar of events focused on entrepreneurship and careers, aimed at helping young people affected by the covid pandemic in the North West of NI
- #YSYSAccessWeek: Building a diverse, inclusive and accessible tech startup ecosystem 28th Feb 2021 Leading startup community, YSYS launch 4 days of innovative online conversations and a range of new initiatives with the core theme of “Access”
