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What Documents Do You Need for Your Self Assessment Tax Return? Once you know you need to complete a Self Assessment tax return, the next question is usually: What do I actually need to give my accountant? For the 2025/26 tax year, covering 6 April 2025 to 5 April 2026, gathering your records in October
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Self Assessment Registration Deadline: What You Need to Do Before 5 October If you need to complete a Self Assessment tax return for the 2025/26 tax year and you are new to Self Assessment, there is an important deadline approaching: 5 October 2026. This is the date by which you generally need to tell HMRC
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What Happens If You Don’t Tell HMRC You Need to File a Tax Return? If you discover that you should have registered for Self Assessment but did not tell HMRC by the deadline, ignoring the problem is usually the worst option. For people who need to enter Self Assessment for the 2025/26 tax year, the
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Who Actually Needs to Complete a Self Assessment Tax Return? Not everyone needs to complete a Self Assessment tax return. For most employees, Income Tax is collected automatically through PAYE. But if you have income or gains that have not been fully dealt with through PAYE, you may need to report them to HMRC yourself.
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Do You Need to Register for Self Assessment by 5 October? October brings an important tax deadline that is easy to overlook. If you need to complete a Self Assessment tax return for the 2025/26 tax year and you are new to Self Assessment, you generally need to tell HMRC by: 5 October 2026 The
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What Happens to Your Tax When You Have Two Jobs? Having two jobs is increasingly common. You might have: A full-time job and an evening job Two part-time jobs Seasonal work alongside your main employment A PAYE job alongside a pension Multiple casual or zero-hours roles Having more than one job does not automatically mean
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Can You Claim Tax Relief for Using Your Own Car for Work? Using your own car for work can become expensive. Fuel, servicing, insurance, tyres and depreciation all add up, particularly if your job involves regular travel. If your employer reimburses you for business mileage, you may already receive some money towards those costs. But
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Do You Pay Tax on Cashback and Credit Card Rewards? Cashback has become a normal part of everyday spending. You might receive money back from: Credit cards Current accounts Shopping apps Retailer loyalty schemes Mortgage offers Switching incentives Online cashback websites Individually, these payments can seem small. But if you use several reward schemes, the
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Can You Claim Tax Relief on Work Uniforms and Clothing? Buying clothes for work can be expensive. Uniforms need replacing. Protective clothing wears out. Some jobs require specialist footwear or branded workwear that you would never normally buy for personal use. That creates an obvious question: Can you claim tax relief on the cost of
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Do You Pay Tax on Premium Bonds Winnings? Premium Bonds are one of the UK’s most familiar savings products. Instead of paying a fixed rate of interest, every £1 held in Premium Bonds is entered into a monthly prize draw. You could win nothing. You could win a small prize. Or you could potentially win
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