Introduction to tax returns

CPC Finance’s introduction to tax returns

As the end of the current tax year approaches, we thought it was worth quickly recapping the various tax return deadlines and how to print out your calculation and tax year overview from your HMRC account.

Deadline recap:

Each tax year runs from 6 April to 5 April the following year.

Personal self-assessment:

• Personal self-assessment tax deadline (Midnight 31 October – if you submit via paper tax returns).
• Personal self-assessment tax deadline (Midnight 31 January – if you submit it online).
• HMRC will calculate what you owe based on what you report.
• You must pay the tax you owe by Midnight 31 January.

Corporation tax:

You must pay your Corporation Tax 9 months and 1 day after the end of your accounting period.

How to print copies of HMRC online Tax Calculation and Tax Year Overview

Tax Calculation

The easiest and quickest way to get a Tax Calculation is to print a copy from the

• HMRC online Self Assessment account, or
• The commercial software that was used to submit the return.

Note: you can now print 3 years tax calculations (2012/13 onwards) from your HMRC online account provided you have fully submitted your return online – this will increase to 4 years from April 2016.

How to print a Tax Calculation from your HMRC online account

1. Log into the HMRC online account (go to online.hmrc.gov.uk) – the ‘security message’ page will now be shown
2. Select ‘next’ to continue
3. Follow the link ‘Self Assessment details and options’ on the Self Assessment home page – the ‘current position’ page will now be shown
4. Follow the link ‘tax return options’
5. Choose the year from the drop down menu and select the ‘Go’ button
6. Select the ‘view return’ button
7. Follow the link ‘view your calculation’ from the left-hand navigation menu.
8. Follow the link ‘view and print your calculation’ at the bottom of the page.
9. Follow the link at the bottom of the page to ‘print your full calculation’

How to print a Tax Year Overview from your HMRC online account

1. Log into the HMRC online account (go to online.hmrc.gov.uk) – the ‘security message’ page will now be shown
2. Select ‘next’ to continue
3. Select either ‘Self Assessment Account’ or ‘Self Assessment’ (the link shown will depend on what services you are registered for) – the ‘current position’ page will now be shown
4. Follow the link ‘tax years’ from the left-hand navigation menu.
5. Choose the year from the drop down menu and select the ‘Go’ button
6. Follow the link ‘print your Tax Year Overview’.

Repeat steps 5 – 6 for any earlier years

Please note: You must wait 72 hours after fully submitting your return until you can print your documents.