Income Tax Return
In the United Kingdom the term tax return is used to refer to the document which must be filed with the HM Revenue & Customs declaring liability for taxation. Different bodies must file different returns with respect to various forms of taxation. Visit Income Tax Return Refund Rebate to know more.Most employees paying tax under the PAYE system are not required to file a tax return, because the PAYE system operates to withhold the correct amount of tax from their wages or salaries.
A tax return is required for the self employed, and others with income from which no tax is withheld at source (e.g. rental income) those who pay tax at the higher rate (40%, or 32.5% for dividend income), directors of companies, employees and pensioners with more complex tax affairs
The form currently in use is the SA100 series, complete with additional sheets for particular sources of income. The process must be completed