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Thе majority of sеlf-еmployеd individuals arе rеquirеd to submit a self assessment tax return online, as thеir taxеs arе not withhеld at thе sourcе. This allows HMRC to accuratеly assess and tax their еarnings.
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We don’t just take you halfway there – JD Accounting Ltd provides a complete tax return service:
Yes, we can help you to register for Self-assessment service with HMRC. Our expert will collect relevant details from you and register you in no time. You will receive your UTR (Unique Tax Reference) code directly from HRMC.
You will need to file a Self Assessment tax return if you are:
If your income is only from wages or pension, you will not usually need to send a return. However, you may need to send one if you have any other untaxed income, such as:
You will get a fine of £100 if you miss the deadline for submitting your tax return or paying your bill.
If you miss the deadline by more than three months (1st May, onwards), you will get a £10 a day fine for every day that it’s late, up to £900 or 90 days.