Millward, May & Co - Wokingham Accountants
Wokingham Accountants

XXX Misc - Self-Assessment Checklist

Self-Assessment Checklist

This is what we need for your personal tax return

Your self-assessment tax return is due just under 10 months after the 5 April year end on the 31 January. For example, a year from 6 April 2000 to 5 April 2001 (i.e. 2000/2001) is due by 31 January 2002.


Description

Income Type


Employment

P60 - issued by your employer at the end of the tax year (5 April) to detail your taxable income and tax deductions for that year. 

P45 - issued by your employer when you leave a job during a tax year. Much like the P60 it details your taxable income and tax deductions for that year.

P11D - used to report benefits provided and expense payments made to employees by employers that are not put through the payroll. Popular examples of benefits provided by employers are company vehicles, fuel cards & private medical and dental insurance


Link to part of website

 

UK Land/Property


Link to part of website

 

Sole Trade


Bank Interest

 


Limited company

Investments

Dividends


Private

State

Pension Received


We do not require income received through an ISA as this is tax free.

Other Income


Detail 2

Pension Contributions

SEIS/EIS

Charitable Giving

 


Detail 3

Bank details received for tax refund

Checked Tax Code for the year

 • Look at overpaid/underpaid tax from previous years - add to TR if necessary

 • Match info on tax code against info provided by the client - then look into the differences

Child Benefit

 • If receiving CB, earning over £50,000 & highest earner in partnership - we need to add this to TR

Marriage Allowance

 • If one partner is below higher rate threhold & one partner is below personal allowance

Job Expenses

 • Mileage

 • Uniform Allowance

 • Other Job Expenses

Pension Thresholds

 • Need to be aware of this if client has over £110,000 of taxable income

 • £1m Lifetime Allowance

 • £40k/yr (which reduces to £10k per year between £150k to £210k earnings)

 • You can bring forward allowance from 3 years (I think)

If a higher rate taxpayer

 • Are they paying into a pension?

 • Have they considered SEIS/EIS?

 • Have they considered meeting with an IFA?

Client may be due a National Insurance refund?

If you are highly paid and have more than one employment (at the same time - so not a P45 & P60) or are employed and self-employed on high earnings