Tax Return Alert for People Who Earned Over £1,000

HMRC reminded workers with a side job.

Some UK workers got a reminder from HMRC. If you made over £1,000, you may need to submit a tax return.

This only applies to certain people and types of work. HMRC asked people to check if they need to do a tax return on social media.

People who made over £1,000 from a side job are affected. HMRC said: 'Not sure if you need to do a tax return? You may need to if you're:'

Check using our free online tool.

The Government website says income tax is usually taken from wages and pensions.

People and businesses with extra income must report it. GOV.UK says: 'If you need to send a tax return, fill it in after the tax year ends (5 April).'

You must send a return if HMRC asks you to. You may have to pay a penalty if you're late.

HMRC will calculate what you owe based on what you report.

There are deadlines for tax returns. You must tell HMRC by October 5 if you need to submit a tax return for the previous year and you have either:

If you don't tell HMRC by October 5, you might get a fine. To do your return, keep records like bank statements or receipts.

There are separate deadlines for paying your bill. The key dates for paying your tax bill are typically:

People and businesses with other income must report it in a tax return.

HMRC will determine what you owe based on your information. The tax you pay will depend on your Income Tax band.

A different rate applies for Capital Gains Tax if you need to pay it, like when you sell shares or a second home.

More guidance on doing your return is available online.

COPYRIGHT DISCLAIMERS

4English does not own the rights to this content. All rights belong to the owner. 4English only uses this content to help users learn English via the app's features. Contact to request the removal of your content: contact@4englishapp.com.

Hörübung

Hörübung