If you are in Self Assessment, you must complete a tax return each year, on which you need to show your income and capital gains, as well as claim any applicable allowances and reliefs. We explain how this may apply to you below.
What do you need to complete a self assessment tax return?
What information will I need to fill in a Self Assessment tax return?
- your ten-digit Unique Taxpayer Reference (UTR)
- your National Insurance number.
- details of your untaxed income from the tax year, including income from self-employment, dividends and interest on shares.
- records of any expenses relating to self-employment.
Where do I go to file my self assessment tax return?
If you’re filing a self-assessment tax return for the first time, you’ll need to first register with HMRC first. You can register online via HMRC’s website.
What do you need to know about self assessment tax?
Self Assessment is a system HM Revenue and Customs ( HMRC) uses to collect Income Tax. Tax is usually deducted automatically from wages, pensions and savings. People and businesses with other income must report it in a tax return.
How does HMRC use the self assessment system?
Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax. Tax is usually deducted automatically from wages, pensions and savings. People and businesses with other income must report it in a tax return.
When do I need to close my self assessment account?
If you used to send a tax return but don’t need to any more (for instance, if you’re no longer self-employed), contact HMRC to close your self-assessment account. The UK tax system can be difficult to navigate, so we’ve rounded up commonly asked questions about filing your self-assessment tax return. Where can I request a self-assessment tax form?
