Self Assessment
What Happens If You Miss the Self Assessment Tax Return Deadline? Missing the Self Assessment tax return deadline can be stressful. You may have forgotten, underestimated how long it would take to gather your records or not realised that HMRC expected you to file a return. Whatever the reason, the most important step is to
Read MoreDo company directors need to file a Self Assessment tax return? A company director does not automatically need to file a Self Assessment tax return just because they are a director. However, many directors do need one because they receive dividends, have untaxed income, owe tax that has not been collected through PAYE, have a
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Do landlords need to register for Self Assessment? In many cases, yes. If you receive rental income from a property you personally own, you may need to tell HMRC and submit a Self Assessment tax return. The answer depends on how much rental income you receive, whether you can use the property allowance, what expenses
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Self-Assessment Key Dates for 2026–2027
March 8, 2026Self-Assessment Key Dates for 2026–2027 The self-assessment system places responsibility firmly on the taxpayer. Missing a deadline — even by one day — can trigger automatic penalties, interest charges and escalating fines. With several important dates approaching over the next year, it is crucial to understand not only when deadlines fall, but also how penalties
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Sole traders – basis of assessment, losses and Making Tax Digital
January 22, 2026Sole traders – basis of assessment, losses and Making Tax Digital Sole traders and other unincorporated businesses have experienced some of the most significant tax changes in recent years. The move to a new basis of assessment, combined with the introduction of Making Tax Digital for Income Tax (MTD IT), means that forward planning and
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Self-Assessment: key dates and penalties
January 22, 2026Self-Assessment: key dates and penalties Failure to notify chargeability to tax, submit your Self-Assessment tax return on time, or pay tax when it is due can result in automatic penalties and interest. These charges can increase quickly the longer a return or payment is delayed, even where only a small amount of tax is involved.
Read More Self Assessment in 2026: More Than Just a January Deadline
January 8, 2026Self Assessment in 2026: More Than Just a January Deadline For many people, Self Assessment is synonymous with January. It’s the point in the year when tax returns are filed, balances are paid, and attention briefly turns to personal tax affairs before moving on again. Once the deadline passes, Self Assessment often slips off the
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How Tax Works When You Have Multiple Income Sources
January 6, 2026How Tax Works When You Have Multiple Income Sources It’s increasingly common for individuals to have more than one source of income. You might be employed but also do some freelance work, receive dividends from a company, earn rental income, or receive interest from savings and investments. While each income source may make sense in
Read More When Are Self Assessments Due?
January 4, 2026When Are Self Assessments Due? Self Assessment is one of those areas of tax that many people know they need to deal with, but are not always entirely clear on the timing. The phrase “January deadline” is widely used, yet in practice there are several key dates throughout the year that matter just as much
Read MoreDo You Really Need to Register for Self Assessment?
December 27, 2025Do You Really Need to Register for Self Assessment? The 2025/26 Grey Areas Explained Each year, thousands of taxpayers miss the Self Assessment registration deadline — not out of negligence, but because they weren’t sure they needed to register at all. In 2025/26, HMRC continues to take a harder line on undeclared side income, digital
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