Those individuals with salaries between 32000 to 150000 pounds are subjected to 40 per cent tax payment and those with salary over 150,000 pounds are subjected to pay 45 per cent. All individuals who receive salary from an organization and salary is the sole source of their income, have deductions from their salaries on the basis of terms and conditions of the company. All these slips collectively have to be submitted on the due date. As the tax year ends, the return on tax file needs to reach the HMRC (International Manual INTM151040 2006). There should be completion of the return form and should be filed on the name of HMRC. The requirements for filing return within the tax return filing date are income statements and the presently ended tax year capital gained.
For those residents where additional tax in substantial amount is payable for 2014 then it should be done by 31st January 2015 where tax in prepayments should be made. An example here can be a situation where return for tax has been filed for the year 2012-2013 which illustrated an underpayment of tax then this underpayment needs to be cleared by 2014, 31st January of the year of taxation and on the coming July 31st 2015.