A new self-assessment registration service launched by HMRC promises faster registration and quicker access to your UTR. Discover who must register by 5 October 2026, what the improved service offers, and the key deadlines for the 2025–26 tax year.
Self-assessment tax penalties can escalate quickly through late filing charges, late payment surcharges, and interest on outstanding balances. Staying organised, meeting deadlines, and seeking professional advice help you remain compliant and avoid unnecessary costs.
You may need to register for self assessment if you earn untaxed income, are self-employed, or exceed certain thresholds. By monitoring your finances and acting early, you can ensure compliance and avoid penalties.
Filing early gives clarity, reduces stress, and improves cash flow. Preparing ahead puts you firmly in control of your tax position.
You must file a return when you have untaxed income or meet specific HMRC criteria, including self-employment or high earnings.
The self-assessment filing deadline is approaching fast. File early, pay on time, and avoid penalties with these essential tips.
New Self-Assessment Reporting Rules apply from April 2025. Learn what directors and self-employed taxpayers must report to stay compliant.
Paper returns are due by 31 October 2025, and registration by 5 October. Learn how to avoid penalties and stay compliant.
HMRC’s Transformation Roadmap introduces new digital tools to simplify tax filing, improve support, and modernise the UK tax system by 2030.
Scammers are on the rise as the Self-Assessment deadline nears! HMRC warns that HMRC never emails or texts about tax refunds. Stay alert, report suspicious contacts, and protect your money from fraudsters.
A final reminder that the 2023-24 tax return deadline for taxpayers who continue to submit paper self-assessment returns is 31 October 2024. Late submission of a self-assessment return will incur a £100 late filing penalty.
Self-assessment taxpayers typically need to pay their Income Tax liabilities in three instalments each year. The first two payments on account are due by 31 January during the tax year and by the 31 July after the tax year has ended.
The deadline for submitting paper self-assessment tax returns for the 2023-24 tax year is 31 October 2024. Late submission of a self-assessment return will generate a £100 late filing penalty. The penalty usually applies even if there is no liability
In a recent press release, HMRC addressed some common misconceptions about who needs to file a self-assessment return before the 31 January 2025 deadline and clarifies some of the most widespread myths.
Timely submission of self-assessment tax returns helps avoid penalties and ensures compliance with HMRC regulations. Switching to electronic submission extends the deadline, providing more time to file and manage finances effectively.
Self-assessment taxpayers are usually required to pay their income tax liabilities in three instalments each year. The first two payments on account are due on 31 January during the tax year and 31 July following the tax year end date.
There is an online tool, developed by HMRC, that allows taxpayers to check if they need to notify HMRC about additional income. The online tool can be found at www.gov.uk/check-additional-income-tax.
Utilize the coding out threshold for tax under £3,000, allowing monthly PAYE deductions. File early to benefit. HMRC automatically collects if conditions are met. Plan for the 2023-24 tax year by filing before 30 Dec 2024.
Register for a self-assessment tax return if self-employed, a director, or with income over £150,000. Notify HMRC by October 5 after the tax year ends. Check eligibility with HMRC’s online tool. File if self-employed, a partner, income over £1,000, or untaxed income.
There are now less than 100 days to file your 2022-23 Self-Assessment tax return online. The deadline is 31 January 2024. The deadline for paper returns ended on 31 October 2023.
You should also be aware that payment of any tax due should also be
Fraudsters are continuing to target taxpayers with scam emails in advance of the deadline for the submission of Self-Assessment returns for the 2022-23 tax year. In the 12 months to September 2023, HMRC received more than 130,000 reports of
File your 2022-23 tax return by the October 31, 2023, deadline to avoid a £100 penalty. Consider e-filing for an extended deadline until January 31, 2024. Learn about managing underpayments and daily penalties.
New Self-Assessment taxpayers must inform HMRC by October 5, 2023, for the 2022-23 tax year. Common reasons include various income sources, property ownership, and partnership involvement. HMRC’s online tool provides guidance.
Starting April 2023, the UK Self-Assessment threshold for PAYE-only taxpayers increased to £150,000. Taxpayers falling in this category no longer need to file returns if they meet certain criteria, but others with varied income sources may still be required to file. Informing HMRC promptly is essential.