Do your own UK Tax Return
What you’ll learn
* Learn how to submit your own UK self assessment tax return online to HMRC *
How to get organised for doing your own tax return
How to access and login to the HMRC website
How to find your way around the HMRC website
How to input your employment figures – including where to find the information
How to input your self employment figures – you need to already know your income and expenses!
How to input other income – including where to find the information
How to add your allowances and reliefs
How to answer the HMRC questions that are hard to understand when you’re not an accountant
How to complete your tax return
Requirements
You will need internet access
Description
In this “How to do your own tax return” I will show you step-by-step how to submit your own UK self assessment tax return online with HMRC.If you are a UK based small business owner with a straightforward business or an individual who needs to submit a tax return you can easily do it by yourself.You will save on accountants fees and you will be in control of when your tax return is submitted.I will cover what you need to include on your tax return, explain where you can find the information and then show you how to input on the HMRC website.It’s not an accounting course, so you will need to know your self employment income and expenses to include on your return.It’s also not meant for complex businesses, where I would still recommend using an accountant.If you have capital gains or foreign income, please be aware that I haven’t covered these. But for most people, these sections will not be required.At the end of the course, you will realise that completing your own UK tax return is not as scary as you think. You can do it, and next year you will find it even easier!The examples I show you are for the 2017-2018 tax year, but can still be used to help you complete your current year tax return.
Overview
Section 1: Welcome
Lecture 1 Welcome to the course
Section 2: About Tax Returns
Lecture 2 About this section
Lecture 3 Who needs to do a tax return?
Lecture 4 Why do your own tax return?
Lecture 5 Tax return deadlines
Lecture 6 Payments on account
Section 3: Personal Information
Lecture 7 About this section
Lecture 8 National Insurance number
Lecture 9 Government Gateway login
Lecture 10 Unique Tax Reference (UTR)
Section 4: Being Organised
Lecture 11 About this section
Lecture 12 Why being organised is good!
Lecture 13 Creating a paper filing system
Lecture 14 Creating an online filing system
Section 5: Your HMRC Account
Lecture 15 About this section
Lecture 16 Logging in to your HMRC account
Lecture 17 Adding your personal details
Lecture 18 Tailoring your return
Lecture 19 Filling in your tax return
Section 6: UK Income – Employment
Lecture 20 About this section
Lecture 21 Earnings and tax
Lecture 22 Employee benefits and expenses
Section 7: UK Income – Self Employment
Lecture 23 About this section
Lecture 24 Accounting options
Lecture 25 Self employment information needed
Lecture 26 Entering self employment income
Lecture 27 National insurance contributions
Section 8: Other Income
Lecture 28 About this section
Lecture 29 Property income
Lecture 30 Interest income
Lecture 31 Dividend income
Lecture 32 Pension and benefit income
Section 9: Allowances and Reliefs
Lecture 33 About this section
Lecture 34 Pension payments
Lecture 35 Charitable giving
Lecture 36 Under and over payments
Section 10: Completing your Tax Return
Lecture 37 About this section
Lecture 38 Checking your return
Lecture 39 Viewing and checking your calculation
Lecture 40 Saving and submitting your return
Lecture 41 Making payment
Lecture 42 Bonus lecture
UK small business owners,UK individuals who need to submit a self assessment tax return,If you’re tax return is not complicated, with my help you can do it by yourself!
Course Information:
Udemy | English | 1h 38m | 1.19 GB
Created by: Marion Thomson
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