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Self Assessment Tax Return

Self-assessment is used to collect tax from the self-employed, paying income tax on their profits. It is also used if you’re a business partner or a director of a limited company. You'll also need to fill in a tax return if: you're an employee or pensioner with an annual income of £100,000 or more you're self-employed, a business partner, or director of a limited company you have a pre-tax investment income of £10,000 or more your income (or your partner's) was over £50,000 and one of you claimed Child Benefit you had income from abroad that you need to pay tax on you were trustee of a trust or a registered pension scheme you received a P800 form from HMRC saying you didn't pay enough tax last year - and you didn't pay what you owe through your tax code or with a voluntary payment you're a 'name' at the Lloyd's of London insurance market you're a minister of religion you're a trustee or representative of someone who has died.

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