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Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 13917
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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If income (from anything) falls below the personal allowance

Customer Question

If income (from anything) falls below the personal allowance is it necessary to complete a self assessment form
Submitted: 3 years ago.
Category: Tax
Expert:  Sam replied 3 years ago.

HI

 

Thanks for your question

 

If from just employment then no - if from an income that automatically falls within self assessment such as capital gains, rental income, foreign income over £200 , self employment etc then yes there is.

 

I have added a link here that advised when it might be necessary to complete self assessment tax returns each year.

http://www.hmrc.gov.uk/sa/need-tax-return.htm

 

Thanks

 

Sam