GUIDE TO INFORMATION REQUIRED IN RESPECT OF YOUR SELF ASSESSMENT TAX RETURN
Details required if you are employed
- Form P60 (details of income and tax deducted during the year).
- Form P11d (details of benefits provided if P11d form is not available).
- Details of bonuses or other income whether taxed or not.
- Your PAYE coding notices, if available.
Details required if you are self-employed
- Your books and papers if we prepare your accounts.
- An income and expenditure account when accounts have not been prepared by us.
- Details of any taxable Self-Employment Income Support Scheme grants received in the tax year.
Details required relating to periods of retirement or unemployment
- Details of State and other pensions received during the year.
- Details of other taxable state benefits received during the year. See https://www.gov.uk/income-tax/taxfree-and-taxable-state-benefits for a list of taxable benefits.
Unearned Income
Interest
Please provide certificates stating interest received from Bank, Building Society or National Savings accounts. ISAs are not taxable and therefore details are not required.
Dividends
Please provide all dividend vouchers for payments received in the tax year. If you have a portfolio summary, please forward this to us.
Income from a let property
Please provide details of any rental income i.e. statements issued by letting agents, together with details of expenses.
If there is a mortgage on the property, we will also require a note confirming the total interest paid (capital repayments of the loan cannot be claimed).
Other income
Details of any other income received during the year not included in the above are required, including gains from UK Life policies (please provide chargeable event certificates) and details of any income received from Trusts.
Tax deductible payments
Pensions
Please provide the following information in respect of any pension contributions made by you:
- Name of pension provider
- Type of policy (RAP, PPP Gross or Net, AVCs or stakeholder)
- Policy number
- Amount paid in the year, clearly stating whether this was the net or gross amount.
Contributions made by your employer are not tax deductible, therefore details will not be required in this instance.
Loan interest
Details of loans or mortgages, showing interest paid during the year, for the purchase of commercially let property or the provision of business capital are required. Please also state whether these were paid off during the year. Details of the mortgage on your principal private residence are not required as it is not a tax deductible expense.
Other payments
Please provide full details of payments made in respect of Gift Aid donations, Enterprise Investment Scheme subscriptions, Venture Capital Trust subscriptions, Maintenance payments (please provide the date of the Court Order), repayment of Income Contingent Student Loans or any other payments which may be tax deductible.
Capital Gains and Losses
Full details, including the date of acquisition and cost of any sales or purchases of capital items, are required in respect of the following items in particular:
- Please provide all available details of share transactions during the tax year. All contract notes will be required.
- Commercial properties. Please provide full details of all properties sold during the year.
Please note that if you sell a residential property then a Capital Gains Tax declaration will need to be made to HMRC within 60 days of completion. Do let us know if you require any assistance with this.
Other information
Residential status
Please let us know if you were non-resident, non UK domiciled or not ordinarily resident in the UK during the tax year.
If you were not UK resident during the tax year, please provide a note of the number of days spent in the UK during the tax year, if any.
Changes in circumstances
Please supply details of any other information which may affect your tax position, including changes in family circumstances or changes in business circumstances.
Child Benefit
If yours or your partner’s income exceeded £50,000 then we will need to know the amount of Child Benefit received in the tax year and the number of children this was for.
Marriage Allowance
If you are eligible, Marriage Allowance allows the lower earner to transfer any unused tax-free allowance of up to 10% of the value of the full personal allowance (£1,250), to the higher-earning partner. This reduces their tax by up to £250.
To benefit as a couple, the lower earner must have an income of £12,570 or less and the higher earner’s income must be between £12,571 and £50,270. Please see https://www.gov.uk/apply-marriage-allowance for further details and to apply. You will need to let us know if you have successfully applied for this.
