Chapter SAM100060

CourtHM Revenue & Customs
Published date08 April 2016
Record NumberSAM100060

An SA record is required where an individual has either completed form CWF1 or SA400 or SA401 or SA402 or SA1 and/or they fall into a category below. (See SAM100001 for general information on these forms).

For tax years up to and including 2015-16

  • Is receiving income from letting any property or land that exceeds £10,000 gross, irrespective of the amount of expenses to be set off, or if the net amount is more than £2,500
  • Is an employee or pensioner and is in receipt of savings or investment income (from which tax has been deducted) of £10,000 or more (before tax)

For tax years 2016-17 onwards

  • Is receiving income from letting any property or land that exceeds £10,000 gross, irrespective of the amount of expenses to be set off, or if the net amount is more than £2,500
  • Is receiving income from savings and investments of £10,000 or more before tax
  • Is receiving income from dividends of £10,000 or more before tax

For tax years 2017-18 onwards

If customers qualify for the Trading Income Allowance and have turnover up to £1,000, they would not usually have to register for self-assessment.

However there are four groups of customers who should register as self-employed and be set up in Self-Assessment

  • Customers who want to pay voluntary Class 2 National Insurance contributions for 2017-18 to build entitlement to contributory benefits like the State Pension.
  • Customers who want to preserve their record of self-employment for example to support an application for Maternity Allowance.
  • Customers who incur childcare costs and would like to claim Tax Free Childcare based on their self-employment income.
  • Customers who are Sub contractors and want to claim back their CIS payments

If customers qualify for the Property Income Allowance and have turnover up to £1,000, they would not usually have to register for self-assessment.

However non-resident landlords who want to claim back tax paid under the non-resident landlord scheme would have to register for self-assessment.

For all years

  • Is receiving income from self-employment (this includes foster carers) or a partnership source (partnership returns will also be required)
  • Is a Minister of Religion (of any faith or denomination)
  • A Sharefisherman
  • Is...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT