I received a self assessment income tax form in post. Not sure why, although I have a sneaky suspicion that I may have requested it a number of months ago when I was bored in work.
Anyway, what I wanted to know was is there any obligation for me to fill out this form and submit? I am a PAYE worker and do not have any other income streams.
Boredom...... silly boy I know.
I'm comfortable enough with filling it out as I usually reconcile the figures myself. Just have a load of other things going on at the moment so I really would've preferred not to have to do this.
Couple of questions.
1.) If you do it once, are you expected to continue to complete form year on year or is it just a once off?
2.) Do you need to include amounts that would have been taxed at source (bank interest)
3.) Should I also include TRS amounts?
thanks - I'm sure I'll have more questions as I work through it.
This isn't meant to sound smart but if you read the form first you'll find that it is pretty straight-forward. In addition the Revenue publish a very good guide to completing your form, on their website.
I would suggest you read both of these and then come back with any questions you still have