If you’ve received a penalty from HMRC for missing the Self Assessment deadline, don’t panic….
Tag: Self Assessment
All about self-assessment filing and requirements
How to Appeal a Self Assessment Penalty: Step-by-Step Guide
Getting a penalty notice from HMRC can be stressful, especially if you feel it’s unfair….
Do you need to file a Self Assessment Tax Return in 2024/25?
Each year, millions of UK residents are required to file a Self Assessment tax return….
Self Assessment for LTD Company Directors: What You Need to Know
If you run a limited company, submitting a Self Assessment tax return isn’t optional. Many…
How to Claim Your CIS Tax Refund in 3 Simple Steps
If you work in construction under the CIS (Construction Industry Scheme), you’re probably used to…
Your Step-by-Step Guide to Filing the 24/25 Self Assessment Tax Return (Self-Employed)
Filing your Self Assessment Tax Return doesn’t have to be stressful. In this guide, we’ll…
Self Assessment Penalties and Interest: How They Add Up Over Time
Missing a Self Assessment deadline may not seem like a big deal at first but…
Common Mistakes That Lead to Self Assessment Penalties (And How to Avoid Them)
Every year, thousands of taxpayers end up paying penalties to HMRC not because they meant…
What information is needed to submit my Self-Assessment Tax Return?
To draft and submit your 2022-2023 Self-Assessment Tax Return on time to HMRC, we will need from you the following information:
Confirm your 10-digit UTR (Unique Tax Reference) or CIS Number if you have been paid under the Construction Industry Scheme
What is a tax return/self-assessment?
Self-Assessment is a system used by HM Revenue and Customs (HMRC) to collect Income Tax.
Income Tax is often deducted automatically from wages, pensions and savings, known as Pay As You Earn (PAYE). People and businesses with alternative income streams must report them in a Self-Assessment tax return.