Who needs to file a Tax Return?

January is a notoriously busy period for accountants as it is the final month for the submission of Self-Assessment Tax Returns for individuals in the UK. But how do you know if you need to file a Tax Return?

Below we outline some of the circumstances that require the completion of a Tax Return before the deadline at the end of the month.

HM Revenue and Customs will require you to complete a tax return if any of the following apply for the last tax year (6th April 2019 to 5th April 2020).

  • You were self-employed or was a partner within a partnership and earned more than £1,000.
  • You received £2,500 or more in untaxed income, such as property rental.
  • Your income from investments or savings was more than £10,000 before tax.
  • You received more than £10,000 of dividend income from UK shares.
  • You made a gain on the sale of assets such as shares, second home or other chargeable assets and may need to potentially pay Capital Gains Tax.
  • You were a Company Director, unless it was for a non-profit organisation and you did not receive any pay or benefits in kind.
  • You or your partner had a total income above £50,000 and you also claimed Child Benefit.
  • You had foreign income that you need to pay tax on.
  • Your taxable income is over £100,000.
  • You were a trustee of a trust or registered pension scheme.

There may be other specific circumstance where an individual may also be required to file a tax return and if HM Revenue have requested a return to be filed this will need to be completed to avoid any potential penalties.

Check to see if you are required to file a tax return this month by using the HMRC tool below:


If you have any questions regarding the above or need advice on whether you are required to complete a Self-Assessment, then contact AJS Accountants Ltd.