A Self Assessment tax return is a document which individuals and businesses have to complete and file with HMRC once a year. It is important that you keep accurate records of your income and expenditure during the tax year; failure to do so could result in penalties from HMRC. This includes records of property rental, capital gains and tax relief claims.
The tax year runs from 6 April to the 5 April the following year. The tax return is filed with HMRC the year after, either online or on paper. There are different deadline dates depending on how it is submitted.
- Provide personal tax advice (sole traders and partnerships)
- Keep you compliant with Self Assessment
- Use recognised software approved by HMRC
- Submit your paper or online tax return with the correct calculations, ensuring all deadlines are adhered to, avoiding any penalties or charges for delays
- Keep all your records safe, after your tax return has been filed with HMRC