Video instructions and help with filling out and completing When Form 5495 Tailored

Instructions and Help about When Form 5495 Tailored

Music this is one of a series of videos about online self-assessment once you're in the online tax return you need to tailor your return three pages of yes/no questions ensuring that you're only given two sections you need page one is about the sources of income you have for example employment self-employment or partnership income if you're unsure about a question select the question mark you'll then be given guidance you must select yes or no to all questions on these pages when you choose yes you may be asked for further information for example if you choose yes for the employment section you'll ask how many employments or directorships you had and you have to give the employers name you don't have to complete your return all in one go once you've answered the questions on a page and select it save and continue you can leave and come back later which can be helpful if you don't have everything to hand save and continue' takes you to page two this asks about other types of income like bank interest dividends and pensions this question can cause confusion is for losses on other taxable income such as casual earnings or permission it's not for losses you would enter in another section of the return for example self-employed losses in the self-employed section if in doubt used question one page three is mainly about tax reliefs including pension contributions charitable gifts married couples allowance and marriage allowance this is not refunds you've received during a tax year for an earlier year or refunds through an employer it's 2017-18 tax you've paid which has already been refunded by HMRC or Jobcentre Plus save and continue' takes you to fill in your return from here you'll be taken to the sections you need to give the details of the income you had and any tax you pay remember the tax return due on 31st of January 2021 is for the tax year 6th of April 2021 to 5th of April 2021 any tax you owe must be paid by the 31st of January 2021 you can file your self-assessment any time don't leave it until the last minute you'll find more help and support on got UK webinars and other videos about self-assessment are available from a tamar soup thanks for watching.