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greent's mfw journey

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  • greent
    greent Posts: 10,777 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Greent, do you have any advice on completing tax returns? I need to do one (hardly anything to go on there), but don’t have a clue where to start xx
    Hi asb - have you registered on g0v.uk site to complete it? It's reasonably easy to do - it pretty much walks you through it and you can save and go back to areas later if you don't have the full info straight off. Have a look here: https://www.gov.uk/government/organisations/hm-revenue-customs/contact/self-assessment   HMRC are also really helpful with what you might think is a 'stupid' or basic query - they'd much rather speak about something and you get it right than you not ask, get it wrong and they have to come back to you... I can try and answer questions if you've got something general but the thought of them is probably scarier than actually doing them - working through is fairly logical - you'll need P60, P11D , details of any dividends and interest, property income and expenses, details of amounts personally paid to pension (from take home, not salary sacrifice), any foreign income, details of self employment, capital gains etc - you add the appropriate sections (eg: self employment, property etc) to the basic return and off you go. Most boxes have an 'I(nfo)' drop down and there are HMRC notes to help you as well, where you can look up info about (eg) box no 48 in the property section. If you can't complete it all at one go, don't worry - save and continue at a later date. You also get to check it over and the calculation before you submit - and then 72 hours after submission to easily correct any mistakes :)
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