2024 Tax Return Checklist: Everything You Need to Get Started

The 31st of January deadline for your 2024 tax return is nearly here! Here’s a handy checklist to make the process as smooth as possible:

1. Check if You Need to Submit a Tax Return

– Use the tool on the gov.uk website to see if you’re required to file.
– If you received income outside of PAYE, such as self-employment, rental, or investment income, you’ll likely need to submit one.

2. Gather Your Documents

Ensure you have the following ready:
– Your Unique Taxpayer Reference (UTR) and National Insurance number.
– Details of all income earned between 6th April 2023 and 5th April 2024.
– Records of allowable expenses (e.g., business costs, professional fees).
– P60s or P45s for employment income.
– Bank interest statements, dividend vouchers, or investment income details.
– Rental income and expense records, if applicable.

3. Claim Any Reliefs or Allowances

– Include pension contributions or charitable donations that qualify for tax relief.
– If applicable, check if you qualify for the marriage allowance or other reliefs.

4. Submit and Pay on Time

– File your tax return online by 31st January 2025.
– Ensure any tax owed is paid by the same date to avoid penalties and interest.

5. Ask for Help if You Need It

Tax returns can be complex, but you don’t have to go it alone. If you’re unsure about anything, reach out to our Accounting team. We’re here to help you every step of the way.

📞 Call us on 01509 642162
📧 Email accountingenquiries@chestertonhouse.co.uk

Don’t leave it to the last minute—start now to avoid the rush!