Self Assessment

The UK Self Assessment is a system used by the government to collect income tax from individuals who are self-employed, have multiple sources of income, or have other specific tax obligations. In order to register for the Self Assessment and submit your tax return, you must first create an account with HM Revenue and Customs (HMRC).

To register for UK Self Assessment online, follow these steps:

  1. Visit the HMRC website and click on the “Self Assessment” tab.
  2. Click on the “Sign in/register” button and then select “Register for Self Assessment.”
  3. Enter your personal details, including your name, address, and National Insurance number.
  4. Create a username and password for your HMRC account.
  5. Choose a security question and answer, and then select “Continue.”
  6. Review the information you have provided and make sure it is correct.
  7. Accept the terms and conditions and click on “Submit.”

Once you have registered for Self Assessment, you will be able to log in to your HMRC account and complete your tax return. The deadline for submitting your tax return online is usually at the end of January, but it may vary depending on your circumstances. For example, if you are submitting a paper tax return, the deadline is usually earlier. It is important to check the exact deadline for your tax return and submit it on time to avoid any penalties.

Here’s The SA100 return in the UK for self-assessment tax returns

In addition to submitting your tax return, you must also pay any taxes that you owe by the deadline. You can pay your taxes online through your HMRC account, or by other methods such as direct debit or bank transfer.

Overall, registering for UK Self Assessment online is a simple and convenient process. By following the steps outlined above, you can easily create an HMRC account and complete your tax return in a timely manner. It is important to note the deadline dates and make sure that you submit your tax return and pay any taxes owed on time to avoid any penalties.

Follow our Instagram @Nomadsaccountinguk or contact us to [email protected] for financial strategies and advice to help grow your business.

Are you ready to take your business to the next level but not quite ready for a monthly membership? No problem! We’ve got a solution for you. Introducing our one-time £299 Consulting Call.

This is your chance to get expert advice and guidance from our team of professionals, all for a low, one-time fee. During our Consulting Call, we’ll work with you to identify your business needs and provide personalized recommendations for success.

And the best part? Our Consulting Call is completely risk-free. There are no long-term contracts or hidden fees – just one simple, affordable fee to get you on the path to business success.

Don’t wait any longer to take control of your business’s future. Sign up for our Consulting Call today and let us help you achieve your goals. You won’t regret it!