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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.
Who this course is for:
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!

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 a copy of Adobe XD 2019 or above. A free trial can be downloaded from Adobe.
  • No previous design experience is needed.
  • No previous Adobe XD skills are needed.

Course Content

27 sections • 95 lectures
Expand All Sections
1-Welcome
1
1.1-Welcome to the course
2-About Tax Returns
5
2.1-About this section
2.2-Who needs to do a tax return?
2.3-Why do your own tax return?
2.4-Tax return deadlines
2.5-Payments on account
3-Personal Information
4
3.1-About this section
3.2-National Insurance number
3.3-Government Gateway login
3.4-Unique Tax Reference (UTR)
4-Being Organised
4
4.1-About this section
4.2-Why being organised is good!
4.3-Creating a paper filing system
4.4-Creating an online filing system
5-Your HMRC Account
5
5.1-About this section
5.2-Logging in to your HMRC account
5.3-Adding your personal details
5.4-Tailoring your return
5.5-Filling in your tax return
6-UK Income - Employment
3
6.1-About this section
6.2-Earnings and tax
6.3-Employee benefits and expenses
7-UK Income - Self Employment
5
7.1-About this section
7.2-Accounting options
7.3-Self employment information needed
7.4-Entering self employment income
7.5-National insurance contributions
8-Other Income
5
8.1-About this section
8.2-Property income
8.3-Interest income
8.4-Dividend income
8.5-Pension and benefit income
9-Allowances and Reliefs
4
9.1-About this section
9.2-Pension payments
9.3-Charitable giving
9.4-Under and over payments
10-Completing your Tax Return
6
10.1-About this section
10.2-Checking your return
10.3-Viewing and checking your calculation
10.4-Saving and submitting your return
10.5-Making payment
10.6-Bonus lecture