self-assessment

This tag is associated with 18 posts

Self Assessment Tax return – 2011/2012 Penalties laid bare

Your online tax return must reach HMRC by midnight 31 January. The only exceptions to this rule are as follows: 1. you receive HMRC’s self assessment notification letter after 31 October. In this case, your deadline is 3 months from the date of receipt. 2. for those who owe less than £3000 and want HMRC … Continue reading

Self Assessment – What is it and who needs to complete one?

Self Assessment – What is it? Self assessment means assessing yourself on behalf of the inland revenue by completing an annual tax return. The return – a collection of your total income, allowances and expenditure for the year – helps the inland revenue work out how much tax is due or (perhaps overpaid) through your … Continue reading

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