info@arcata.co.uk  |  0131 202 9146

Do I need to register for self assessment?

You will need to complete a tax return if:

  • You are self employed
  • A company director
  • A minister
  • Your annual income exceeds £100,000
  • You have income from savings, investment or property
    • £10,000 or more from taxed savings and investment
    • £2,500 or more from untaxed savings and investment
    • £10,000 or more from property (before deducting allowable expenses)
    • £2,500 or more from property (after deducting allowable expenses)
  • You or your partner receive child benefit and your income exceeds £50,000
  • You have overseas income
  • You have income from trusts, settlements and estates
  • You have capital gains tax to pay
  • You’ve lived or worked abroad or aren’t domiciled in the UK
  • You’re a trustee

If you require further information please contact us.