CAT / FIA FTX Syllabus C. Income Tax Liabilities - Disclosure of income and payment of tax - Notes ^{2 / 7}

Individuals who are chargeable to income tax or capital gains tax for any tax year and who have not received a notice to file a return are required to give notice of chargeability to HMRC within six months from the end of the year

e.g. by 5 October 2024 for 2023/24.

A person who has no chargeable gains and who is not liable to higher rate tax does not have to give notice of chargeability if all his income:

• Is taken into account under PAYE;

• Is from a source of income not subject to tax under a self-assessment;

• Has had (or is treated as having had) income tax deducted at source; or

• Is a UK dividend.

A penalty may be imposed for late notification.