Who Must Complete Self-Assessment Tax Return
Not everyone is required to submit a Self Assessment tax return, but many individuals and business owners do. Your responsibility depends on how you earn your income and your personal financial circumstances. If any of the situations below apply to you, you may need to complete a tax return and submit it to HM Revenue & Customs by the relevant deadline.
The following are the most common scenarios when you need to complete this:
-
You are self-employed or a partner in a partnership.
-
You are a company director.
-
You have untaxed savings or investment income.
-
You own land or property that is being let out.
-
You have a capital gain liability.
HM Revenue & Customs staff are not responsible for advising you on the best way to organise your tax affairs and minimise your tax liability. With expert advice, you understand your obligations, claim any available reliefs and allowances, and ensure your tax return is completed accurately and on time.