Self-Assessment 101

HMRC use self-assessment to get personal income tax from people who aren't taxed at source. If you take dividends, interests or cash in exchange for work, chances are, you'll need to do a self-assessment.

You'll need to submit your self-assessment and pay any related tax by the end of January after the end of the income tax year (5th April). You'll also pay more or less depending on which income tax band you're in. There's a separate rate for capital gains tax. For a quick reference, take a look at the tables on this page.

Don't miss your deadlines!

If you miss the tax return deadline, you'll get a penalty: £100 if you're up to three months late, and more if it's later or if you miss your payment deadline. There are several ways you can ensure yours get submitted accuretly and on time

• Appoint someone to fill in and send your tax return
• Watch videos and join webinars
• Contact HMRC enquiries on 0300 200 3310
• Contact our team on 0203 8800 780

Government Guideance online

• Capital Gains Tax if you’ve sold property or shares
• Expenses if you’re an employee or self-employed
• Child Benefit if your income’s over £50,000
• Tax on income from renting property
• Tax on savings interest
• Tax returns for business partnerships
• Tax on income from abroad;
• Or on your UK income if you live abroad
• And plenty more guideance here