When is your first tax return due?

If you have recently started to receive income from the following:

–        Self employment

–        Directorship

–        Rental property

–        Other untaxed sources

You will need to complete a self assessment tax return. Generally speaking your first tax return period ends on 5 April after you commence any of the above.

The deadlines for submission of the return are:

–        Paper – 31 October

–        Electronic – 31 January

There is a lot more information and guidance available at http://www.hmrc.gov.uk/sa/index.htm

Or alternatively call us on 0116 242 3400 to discuss your specific circumstances or visit our web site