Submitting your tax return in the UK
What is a tax return?
A tax return is a submission to the tax authorities of how much money you made this year. You must show your earnings, as well as any allowable expenses that occurred during the year and you must complete a return every year.
Who needs to complete a tax return this January?
You need to complete a tax return if you were self-employed between 6 April 2021 and 5 April 2022
- For example, if you worked for FREE NOW, Uber, Bolt, or any other driver platform or another self-employed platform like Deliveroo, Uber Eats, or Hermes.
- You may also need to complete a return if you made any significant extra income over the year (such as from renting property, from shares, cryptocurrencies, and dividends, or from selling goods on eBay or Etsy)
What are the deadlines?
You need to file your tax return by January 31 2023, otherwise, you may have to pay a £100 penalty. If you miss the deadline, try and file as soon as possible.
How do you file your taxes?
Most people file their taxes towards the end of the year and can do so in three different ways, you can:
- Submit your return on the HMRC website
- Use an accountancy firm
- Use untied to submit your tax return directly from your mobile device or laptop.
What do you need to file your tax return?
You will need your UTR (Unique Taxpayer Reference). This will have been sent to you when you registered with HMRC. If you didn’t register or can’t find your number, let us know at firstname.lastname@example.org
What does untied do?
untied automates your tax return for you – allowing you to do your taxes in less time than it takes to submit a return on the HMRC website and at a lower cost than an accountancy firm. untied lite, which was designed for self-employed drivers, allows you to input your earnings, work out what can be claimed as expenses, and submit your return directly to HMRC – allowing you to get on with the important things in life.
Click here to sign up for a free trial of untied.