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Do Contractors Using An Umbrella Company Need To Submit A Self-Assessment Tax Return For The 2021/22 Tax Year?

Do contractors using an umbrella company need to submit a self-assessment tax return for the 2021/22 tax year?

A common question amongst umbrella company employees is – “I am using an umbrella company; do I need to submit a self-assessment tax return for the 2021/22 tax year”. As we explain in this article, the answer depends solely on your circumstances. Please keep reading for more information. Umbrella employees …

Do contractors using an umbrella company need to submit a self-assessment tax return for the 2021/22 tax year? » Read the full story

Late Self-Assessment Tax Returns Will Avoid Fine If Submitted By 28 February, HMRC Confirms

Late self-assessment tax returns will avoid fine if submitted by 28 February, HMRC confirms

To help people cope with the pressure of the pandemic and the confusions it’s bought to the UK, HMRC has confirmed taxpayers now have until the 28 February 2021 to submit their 2019/20 tax returns – to avoid a penalty. However, it’s still advisable to meet the end of January …

Late self-assessment tax returns will avoid fine if submitted by 28 February, HMRC confirms » Read the full story

Do you need to complete a personal tax return when using an umbrella company?

If you use an umbrella company, do you need to submit a personal tax return?

An interesting question – and one that is regularly asked online by umbrella company employees. The short answer is that it depends entirely on your personal circumstances. If your only source of income is paid to you via an umbrella company (PAYE) – you don’t need to submit a personal …

If you use an umbrella company, do you need to submit a personal tax return? » Read the full story

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