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What you need to file a self assessment tax return as HMRC deadline fast approaches. Karl Matchett. January 31, 2025 at 3:05 AM (AFP via Getty Images) ... filing a self-assessment tax return.
The self-assessment deadline is approaching but there is still time to cut your tax bill before the end of January. Around 12m people are expected to file an online self-assessment tax return to ...
There are several other groups of people who need to file a self-assessment tax return. The HMRC says you may need to file one if you: Are self-employed and have earned gross income over £1,000
Under UK tax legislation, taxpayers are obliged to notify HMRC when they have a liability to tax no later than nine months after the end of the tax year in which they became liable. Depending on the circumstances and the tax owed, they may do this by registering for self assessment and completing a tax return by 31 January.
HM Revenue and Customs (HMRC) states that the main goal of MTD is to make tax administration more effective, more efficient and simpler for taxpayers. [2] The changes are expected apply to a wide range of taxpayers, including most businesses, micro-businesses, self-employed people and landlords, as well as individual taxpayers.
The Government Gateway is an IT system developed to allow applicants to register for online services provided by the UK Government, such as obtaining a driving licence and HMRC self-assessment. [1] This replaced the old system of paper submissions.
Online entrepreneurs need to be aware of new rules, HMRC warns Warning as HMRC self-assessment deadline fast approaching – with new rules for Vinted and eBay sellers Skip to main content
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.