Here is a list of the information needed to complete your Self Assessment tax return. You may find it useful to print it out. In all cases, the period is the year ended 5 April 2011. If you are taking advantage of our FREE tax health check, the same information is needed for each of the earlier tax years you want us to look at. The earliest tax year now in date is 2005/2006 (2007/2008 for self assessment), or the year ended 5 April 2006 (5 April 2008 for self assessment). It covers the most common types of income and deduction.
If you are not sure what is needed, please ask for help.
Personal Allowances
Your full name.
Date of birth.
National Insurance number.
Tax reference (eg. 948/D456)
Self Assessment reference (10 digit number).
The same details are needed for your spouse even if they do not need to complete a tax return.
Employment
Your 2010/2011 form P60 or else your last payslip for the tax year.
Forms P45(1a) if you had more than one employment during the year.
Expenses or subscriptions paid in connection with the employment.
Copy of form P11D (or P9D) if you received any benefits in kind.
Your employer must give you a form P60 plus copies of forms P11D or P9D, but they may not be available until July 2011.
Self Employment (Schedule D)
Normally, this will be your trading accounts for the year ending in 2010/2011. Please ask for advice on what is needed.
State retirement pension
The weekly, four weekly or quarterly amount received, excluding the Christmas bonus and winter heating allowance that are not taxable!
Other pensions
The 2010/2011 form P60 or pension statement for the tax year.
Income from property
The amount of rent received and expenses paid for each property, and the type of letting, ie. furnished, unfurnished or furnished holiday letting. If a loan was used to buy the property, get a statement from the lender to claim relief for the interest paid in the tax year.
Bank and Building Society interest
Most provide a tax year summary or certificate. If not, ask for a certificate of deduction of tax for each account. Remember to include accounts opened and closed during the year.
National Savings
Not all National Savings are taxable. The ones that are issue statements for tax purposes, except Ordinary and Investment accounts. Get the books for these accounts made up to date to see the interest credited on 31 December 2010.
Dividends
The tax vouchers for each payment made during the year. This includes stock dividends where extra shares or units are issued instead of a cash payment.
Pension premiums paid
The actual amount of premiums paid in the tax year for each policy.
Capital Gains Tax
For each asset sold (share, unit trust, property, etc.), the date and cost of purchase, the sale proceeds, expenses of sale and date sold. This can be very complex, so please ask for advice.
THE TAX RETURN MUST INCLUDE ALL SOURCES OF INCOME, EVEN IF TAX HAS BEEN DEDUCTED AT SOURCE.
