Search Results for "self assessment"

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Self-assessment payments on account

Self-assessment payments on account

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.

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Do you need to register for self-assessment?

Do you need to register for self-assessment?

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.

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Self-Assessment scam warning

Self-Assessment scam warning

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

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Self-Assessment threshold change

Self-Assessment threshold change

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.

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Self-assessment payments on account

Self-assessment payments on account

Self-assessment taxpayers are usually required to pay their income tax liabilities in three instalments each year. Find out more.

31 January during the tax year e.g. for 2022-23 the first payment on account is due on 31 January

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Scammers target Self-Assessment taxpayers

Scammers target Self-Assessment taxpayers

Fraudsters are continuing to target taxpayers with scam emails, texts and calls following the deadline for submission of Self-Assessment returns for 2020-21. In fact, over the last year, HMRC received more than 570,000 reports about suspicious HMRC

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Self-Assessment countdown

Self-Assessment countdown

There are now less than 75 days to file your 2020-21 Self-Assessment tax return. Last year over 12.5 million taxpayers were required to complete a Self-Assessment tax return but over 1.8 million taxpayers missed the 31 January deadline.

The deadline

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Self-Assessment filing deadlines

Self-Assessment filing deadlines

The 2020-21 tax return deadline for submitting your paper Self-Assessment returns is 31 October 2021. The tax deadline for submitting online returns is 31 January 2022. Late submission of a Self-Assessment return will become liable to a £100 late

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Self-employed tax basis period reform

Self-employed tax basis period reform

The self-employed tax basis period reform has changed the way trading income is allocated to tax years. Under the reforms, the tax basis period has changed from a ‘current year basis’ to a ‘tax year basis’.

This means that all sole trader and

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