Self-Assessment

Self Assessment is a system HM Revenue and Customs uses to collect Income Tax.

You must send a tax return if, in the last tax year (6 April to 5 April), any of the following applied:

  • you were self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on)
  • you were a partner in a business partnership
  • you earned £100,000 or more
  • If you are a higher rate taxpayer, and you need to repay High-Income child benefit charge
  • You need to claim income tax relief (like charitable gift aid donations, pension contributions, investments relief etc)

You may also need to send a tax return if you have any untaxed income, such as:

  • some COVID-19 grant or support payments
  • money from renting out a property
  • tips and commission
  • income from savings, investments, and dividends
  • foreign income

Please note: You may have to pay interest and a penalty if you do not file and pay on time.

If you need help submitting a personal tax return, please get in touch for a fixed price quote.

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