The Self Assessment system is designed to gather Income Tax from individuals and businesses not subject to PAYE. It must be submitted to HMRC following the conclusion of the relevant tax year (5 April).
You may be required to file a tax return if you:
- Self-employed or a partner in a business
- Freelancer, contractor, or a company director
- Landlord or have investment properties
- Have savings or investment income
- Bought, received, or sold shares
- Receive income from overseas, such as foreign pensions or rental property abroad.
If you find yourself overwhelmed with personal commitments or career responsibilities, we offer comprehensive services ranging from bookkeeping to ensuring timely tax return filing. Additionally, we provide valuable guidance on managing tax liabilities.