HM Revenue and Customs remind customers that time is running out to register for Self Assessment.
Business / Thu 1st Oct 2020 at 01:16pm
HM Revenue and Customs (HMRC) is reminding customers that time is running out to register for Self Assessment.
Anyone submitting a Self Assessment (SA) return for the first time – including High Income Child Benefit Charge customers – will need to register for SA by 5 October so that they can complete their return by 31 January.
If customers aren’t sure if they need to do Self Assessment they should go to www.gov.uk/check-if-you-need-tax-return
Those who are new to the process can visit HMRC for online webchats, live webinars, YouTube videos and social media support which can be accessed at any time, and on any device, to help them fill in and file their returns.
People that need to complete a tax return:
earned more than £2,500 from renting out property
received, or their partner received, Child Benefit and either of them had an annual income of more than £50,000
received more than £2,500 in other untaxed income, for example from tips or commission
are self-employed sole traders
are employees claiming expenses in excess of £2,500
have an annual income over £100,000
earned income from abroad that they need to pay tax on