What is a Self-Assessment Tax Return?

A Self-Assessment Tax Return is a “homework” assignment you have to do for HMRC. It’s where you disclose all of your income, capital gains and any other relevant financial information to HMRC.

You must submit a return if you are:

• Self-employed earning more than £1,000

• Partner in a business partnership

• Receiving PAYE income over £150,000 per year

• A higher (or additional rate) taxpayer paying into a personal pension

• Recieving income from a rental property

• Have capital gains, sold a second property, shares or investments

Contact us

Keeping up to date with everything tax can be disconcerting, it’s always best to seek professional advice. Working with us as your tax advisors will free up your time so you can spend it on what you do best.