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.
The inaugural LINEUP tech event, happening in Derry, NI has announced key speakers, sponsors and themes for its 5th March event.
Take advantage of today’s digitised world! Here are 4 reasons digital marketing could work for you and your business.
Research shows that the majority of staff prefer benefits to high monetary compensation. Here are some ideas on how to increase talent retention...
Innovative project launched by UK Proptech startup to reduce workers' commuting and in turn help alleviate pollution and congestion
Startup funding is never easy, however here are a few of the options that can help you fund your startup without going broke in the process
The future and success of Britain’s high streets has been long debated. So, what are the tech trends that could help impact the Highstreet in 2020?
Innovative startups are currently being sought by BMW Group Financial Services UK which has just launched the third instalment of its Innovation Lab
Starting a business can be a lot of hard work, so here's a few ways to avoid burnout and find a healthy work life balance.
The child health app on a mission to become the first nationwide digital redbook, just got a step closer to making their mission a reality...
The Cambridge-based startup that has created an empowering tool to drive the next wave of biological innovation
Published on: 4th November 2012
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Lineup 2020 announces key speakers, sponsors and themes 27th Jan 2020 The inaugural LINEUP tech event, happening in Derry, NI has announced key speakers, sponsors and themes for its 5th March event.
- Ideation NI Thon at NI Science Festival sets out to solve global issues 17th Jan 2020 At one-day event Ideation NI Thon, students will get the chance to solve global and local sustainability, environmental, city and health problems.
- NI startup ESTHER takes flight to New York 16th Jan 2020 NI startup ESTHER, a peer-2-peer giving platform allowing charitable donors to give money directly to people living in poverty, head to New York for a 4-day fact finding mission.
- 2019 stats show that the gender pay gap continues 14th Jan 2020 Recent research by Starling bank shows that in 2019, women earned up to £12,319 less per year than their male colleagues of the same age and within the same industry
