Understanding Self Assessment Tax Returns in the UK

Who Needs to File a Self Assessment Tax Return?

If you are self-employed, a company director, or have income from property rentals, you will likely need to file a self assessment tax return with HMRC.

Key Deadlines

The tax year runs from 6 April to 5 April. Paper returns must be filed by 31 October, and online returns by 31 January following the end of the tax year.

What Records Do You Need?

Keep records of all income, expenses, bank statements, and any P60 or P45 forms from employers.