There are numerous reasons why you may have to submit a personal tax return to HMRC. The most widely known is for sole traders. So, what is a sole trader? You are a sole trader if you operate a trade to generate income. The income you earn must be declared to HMRC each year in the form of a tax return. On your tax return you need to include all income you have received. This could be from a combination of trade income, employment income & property income.  

Additionally, you may need to submit a tax return to HMRC if you receive any chargeable gains. Most commonly, this would be in the form of selling a property that is not your main residence. Please note, this would need to be declared to HMRC within 30 days! 

If you are not sure if you need to submit a tax return, or if you would like assistance with your tax returns, please get in touch for our bespoke tax return service.