The starting rate for savings lets many UK individuals earn up to £5,000 in savings interest without paying tax on it. Check if you’re eligible and how the £5,000 is tapered for those earning more than others.
DIY-ing your self-assessment tax return? Here you’ll find easy-to-follow guides to help get you through the process of filling in your return so you can press the submit button with confidence. From finding the paperwork you need to declaring different types of income and choosing the right sections to fill in, you’ll find everything you need all in one place.
Friendly Disclaimer: Whilst I am an accountant, I’m not your accountant. The information in these guides are legally correct but are for guidance and information purposes only. Everyone’s situation is different and unique so you’ll need to use your own best judgement when applying the advice that I give to your situation. If you are unsure or have a question be sure to contact a qualified professional. I cannot accept responsibility for any losses or penalties you may incur while following the contents.
Self Assessment Basics
- HMRC Self Assessment Explained
- How to Register for Self Assessment
- Do You Need to Complete a Self Assessment Tax Return?
- Tax Year Dates & Deadlines
- Claiming Self-Employed Expenses
- Self-Employment Taxes
- How to Stop Being Self-Employed
Completing Your UK Self Assessment Tax Return
- What Information Do You Need to Complete Your Tax Return?
- Beginners Guide to Completing Your Tax Return Online
- How to Complete the Employment Page of Your Tax Return
- How to Complete The Self-Employment Section of Your Tax Return
- Where to Show Your SEISS Grant On Your Tax Return
- Do I Need to Declare Bank Interest On My Tax Return?
- Child Benefit and Self Assessment Tax Returns
- How Tax Works for Self-Employed Foster Carers
- How to Amend Your Tax Return
Paying Your Tax Bill
- How to Budget for Your Tax Bill
- HMRC Tax Payment Plans Explained
- How to Pay Self Assessment Tax Through PAYE
Penalties & Late Payment Interest
- What Happens if You Miss the Self Assessment Deadline?
- Self Assessment Tax Return Penalties Explained
- How to Appeal an HMRC Self-Assessment Penalty (SA370)
- How Much Interest does HMRC charge on Late Payment of Personal Tax?
Other Helpful Guides
- What to Do If You Have Lost Your HMRC User ID and Password
- Should You Get an Accountant to Do Your Tax Return?
- How to Find Your UTR Number Online
- HMRC Basis Periods Explained
- The Cash Basis for Tax Returns Explained
- Self-Assessment Tax Returns for £100,000 + Earners
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Understand the cash basis for tax returns, the rules around who can and can’t use this tax scheme and the advantages the cash basis can bring.
Familarise yourself with the most common Self Assessment tax return mistakes & how to avoid them to ensure you file a tax return correctly.
Find out about the R40 form, where to download a paper copy on the HMRC website and where you need to post it once you’ve completed it.
Find out who needs to do self assessment including whether you are self-employed or receiving untaxed income that HMRC needs to know about.
Understand the L17 statement of earning form, who completes it and when it can be used, and see an example form.
Find out how you can arrange for more time to pay your self assessment tax bill with HMRC by setting up a payment plan.
Find out about the SA250 form issued by HMRC to taxpayers in the UK, when it is issued and what information it contains. 1. What is an SA250 from HMRC? An SA250 is a welcome letter issued by HMRC to taxpayers newly registered for self-assessment. Once successfully registered, HMRC allocates the individual with a UTR …
Find out what an SA1 form from HMRC is, when it should be used as well as where to find it online and tips on filling it out.
Find out how to register for self assessment, check whether you need to apply and what happens once you are registered with HMRC.