Do I need to send a Self Assessment tax return?
If you work for an employer, they usually deduct income tax and NI straight from your wages. But if you’re self-employed, you won’t have an employer to do this for you! Instead, you must submit a Self Assessment tax return to HMRC. This tells them how much you have earned, so they can calculate the tax you owe.
Self Assessment isn’t just for the self-employed. If you’re the director of a limited company, a partner in a business partnership, or earn over the threshold for employed or investment income, you will also need to submit a return.
Learn more about Self Assessment in our guide, or talk to us about our online accounting services for tax returns.
