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  • Sally Sales

Tax Returns for 5th April 2017


As you know, the financial year ends on the 5th April and HM Revenue & Customs have probably by now, issued you with a tax return, or notice to complete a return. I would very much like to complete your tax return and submit it to the Revenue as soon as possible.

With this in mind, I should be grateful if you could provide me with details of all your income and gains received in the year to 5 April 2017. To assist you with this, I attach a summary sheet detailing the information required.

It will be a few weeks before some of the items are available, but once you have all of the details please forward them to me as soon as possible.

Please be aware, even if no tax is due, HM Revenue & Customs will apply an automatic £100 penalty to any tax returns not filed by the 31 January 2018 deadline.

Did you know that from 6 April, more than four million married couples and 15,000 civil partners who earn less than the £10,600 income tax personal allowance for 2016/17 will be able to transfer £1,060 of their allowance to their spouse, so long as the recipient doesn't pay higher rate (40%) or additional rate (45%) tax. Please note that only the full amount of this allowance can be transferred across. Please advise us if you feel this is something that may apply to you.

Information Needed to Complete a 2017 Tax Return

For the period from 6 April 2016 to 5 April 2017 –

  1. Tax deduction certificates or details of interest received on all bank and building society accounts held.

  2. Tax deduction certificates or details of all other interest received.

  3. Dividend vouchers or details of all dividends received in respect of all shares held.

  4. Annual statements of all interest received on National Savings Income Bonds/Pensioners Guaranteed Income bonds and ordinary and investment accounts.

  5. Certificates or details of all pension contributions made.

  6. Forms P60 and P11D in respect of all earnings from employment.

  7. Details of all rental income and associated expenses.

  8. Contract notes for all shares bought and sold in the year and full details of all other capital acquisitions and disposals.

  9. Details of all outgoings such as gift aid donations, enterprise investment scheme payments or qualifying loan interest.

  10. Any gifts made in the year which in total exceeded £3,000.

  11. Details of all cash payments or shares from building societies, life assurance companies, and other organisations which have been taken over.

  12. Chargeable event certificates or details of all cash withdrawals from life assurance policies or investment bonds.

  13. Details of all income from Estates, Wills or Settlements.

  14. Details of all business income for accounting periods ending in the period, if not already provided.

  15. Full details of all other income and gains – regardless of whether it has already been taxed.

  16. Details of child benefit received if your individual income is over £50,000 in the tax year.

  17. Did you know that from 6 April, more than four million married couples and 15,000 civil partners who earn less than the £10,600 income tax personal allowance for 2016/17 will be able to transfer £1,060 of their allowance to their spouse, so long as the recipient doesn't pay higher rate (40%) or additional rate (45%) tax. Please note that only the full amount of this allowance can be transferred across. Please advise us if you feel this is something that may apply to you.


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