Whether you’re a sole trader or have a huge company structure, you must file a Self-Assessment tax return to establish the amount of Income Tax and National Insurance (NI) that must be paid.
You’re required to complete your Self Assessment form if you are a Director of a business or self-employed and have an income over the tax threshold. The seeming difficulty of the Self-Assessment procedure does not allow anybody to neglect it, as it remains one of the most critical tax papers you must complete as a company owner.
We urge that you sign up for Self-Assessment as soon as possible and maintain accurate records of your work income, invoices and business costs, return on investments, capital gains, income from abroad, interests, and rental income.
How do I register with HMRC for my Self Assessment?
You’re required to complete this annually and return directly to HMRC. You’ll need to register with HMRC first, you can click here to register for an account. Make sure to register for the correct option for you: Partnership, Self-employed or not Self-employed.
Soon after registering you will be sent your UTR (Unique Tax Payers Reference) giving you details on how to set up your government gateway.
Our reputed years of servicing our customers via the efforts of our highly qualified chartered accountants are unrivalled. We’re here to assist with your Self-Assessment to lighten your load.
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