To accurately fill in your tax return, it’s important to keep records of:
- Personal financial records like bank statements, certificates of loans, receipts of payments
- Documents you have signed or been given like personal pension plan certificates, birth or marriage certificates
- Benefits and expenses related to your income like P60s, P45s, annual pension statements, notes of taxable receipts and benefits
- Expenses claimed against your earnings or reductions of your employer’s calculation of your benefits like receipts, credit card statements, mileage details, purchase records
To effectively keep track of key information in preparation of your Self Assessment, you can use tools like Sage Accounting to centralise, digitise, and automate the capture of important data so that it’s easier and clearer to fill out your tax return.