• You’re self employed
• You’re a company director
• You’re a minister of religion
• You have income from letting any property or land you own
• You receive other untaxed income, or significant capital gains, and the tax due on it cannot be collected through a PAYE tax code
• You’re a member of Lloyd’s of London insurance and reinsurance market
• You receive annual income from a trust or settlement, or any income from the estate of a deceased person, and further tax is due on that income
• You have taxable foreign income, even if you are claiming that you are not normally resident in the UK.
Before you start to complete your online tax return you will need to gather all the paperwork you will need. It will be very frustrating to get half way through the form only to realise that you do not have a crucial bit of data. Aside from this, it is actually a legal requirement to keep your paperwork up to date. You must keep records of your income for at least 22 months after the end of the tax year. If you are in business and self-employed as a sole trader or partner, or have rental income you are required to keep records for at least 5 years and 10 months after the end of the tax year. You will need to have the following information to hand when completing your online tax return:
• Your P60
• Details of any pay and taxable expenses and benefits received from your employer
• Bank and building society statements
• Cheque and paying-in book stubs
• Any dividend vouchers you have
• Your self-employment accounts
• Documentation about any capital gains that have been realised
• Information on other income including investments, savings, pensions, property or benefits you receive
• Paperwork on anything you can claim for, like