Notification of chargeability to income tax and capital gains tax

Produced by a Tolley Personal Tax expert

Personal Tax

Guidance

STOP PRESS: The remittance basis is abolished from 6 April 2025, although this only applies to foreign income and gains arising on or after that date. The remittance basis rules still apply to unremitted income and gains arising before that date but remitted later. The legislation is included in FA 2025. For more details, see the Abolition of the remittance basis from 2025/26 guidance note.

Self assessment regime

The majority of the taxpayers in the UK do not need to complete a self assessment tax return as they are primarily employees whose tax is deducted at source by their employers under the pay as you earn system (PAYE). Similarly, most taxpayers receiving investment income will not need to file a tax return if this income is within the savings nil rate band or the dividend nil rate band. See the Taxation of savings income and Taxation of dividend income guidance notes.

Whether the taxpayer needs to complete a tax return or not will depend on their circumstances. The following

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