Question / Discussion Tax

rich110991

Money Making Megastar!
Joined
Feb 14, 2020
Messages
1,513
Points
183
Age
29
Hi everyone, hope you’re all good.

I’m just wondering when I have to declare my tax for April 2020-2021? Am I right in thinking it is April? In a couple of days? So confused.
 

Sherliarty

Money Making Megastar!
Joined
Jan 26, 2016
Messages
775
Points
173
Yes. The current tax year-ends on 5th April and you can fill out your tax assessment online anytime after this date. You normally have until the end of Jan to complete it.
 

Jon

Administrator
Staff member
Joined
Oct 17, 2013
Messages
31,078
Points
283
Age
39
Location
Leeds
Hi everyone, hope you’re all good.

I’m just wondering when I have to declare my tax for April 2020-2021? Am I right in thinking it is April? In a couple of days? So confused.
From April 5th
 

rich110991

Money Making Megastar!
Joined
Feb 14, 2020
Messages
1,513
Points
183
Age
29
Thanks both. When you fill it in, does it tell you right away what you owe? If anything?
 

sam1

Member
Joined
Mar 27, 2021
Messages
8
Points
21
Age
33
Do you guys do you own taxes or get an accountant. This is the 1st year I will need to do a self assessment as I made a few quid on the stockmarket

If accountant - how much should I expect to pay roughly? Thanks in advance
 

homie

One of the finest Matched Betting helpers around!
Joined
Oct 16, 2016
Messages
2,136
Points
283
Do you guys do you own taxes or get an accountant. This is the 1st year I will need to do a self assessment as I made a few quid on the stockmarket

If accountant - how much should I expect to pay roughly? Thanks in advance
It's straightforward, I do it myself. But I suppose if someone is making Gold Lamborghini money then it would be worth using an accountant because they would know of any loopholes or anything that might save a considerable sum.
 

Sherliarty

Money Making Megastar!
Joined
Jan 26, 2016
Messages
775
Points
173
Do you guys do you own taxes or get an accountant. This is the 1st year I will need to do a self assessment as I made a few quid on the stockmarket

If accountant - how much should I expect to pay roughly? Thanks in advance
I do my own. If you are making money on the stock market, might be an idea to use stocks and shares ISA which means you don't have to declare anything to the taxman.
 

rich110991

Money Making Megastar!
Joined
Feb 14, 2020
Messages
1,513
Points
183
Age
29
Do you guys do you own taxes or get an accountant. This is the 1st year I will need to do a self assessment as I made a few quid on the stockmarket

If accountant - how much should I expect to pay roughly? Thanks in advance

I’m doing my own.
 

Members online


Amazon Discount Finder Tool

Find hidden 80%+ savings on Amazon products



 

 

 

 

 

 

 


TMSPRESTO