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How to Complete Your Self Assessment: A Guide

Self Assessment Guide

How to complete your Self Assessment

Self Assessment is how HMRC collects tax from people whose income has not already been fully taxed. This guide covers registration, income, expenses, deadlines and submitting your return.

What is Self Assessment?

Self Assessment is a system used by HM Revenue and Customs to collect Income Tax.

You may need to complete a Self Assessment tax return if you are self-employed, receive rental income, have investment income or earn income that has not already been taxed at source.

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Good to know

The UK tax year normally runs from 6 April until 5 April the following year.

Who may need to complete Self Assessment?

01

Self-employed

People running their own business or earning income from freelance work.

02

Property income

People earning taxable income from renting out property.

03

Additional income

Income that has not already been taxed through PAYE or another source.

04

Partnerships

Partners who need to declare their share of partnership income.

Key Self Assessment terms

UTR A Unique Taxpayer Reference is a 10-digit number HMRC uses to identify you.
National Insurance number Your personal National Insurance identifier.
Tax return The information you submit to HMRC about your income, gains and reliefs.
Tax year The period your income and tax return relate to.

How to register for Self Assessment

Registration with HMRC is normally the first step if you need to complete Self Assessment.

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1

Register with HMRC

Create or access your Government Gateway account and register for Self Assessment.

2

Receive your UTR

HMRC will issue your Unique Taxpayer Reference after registration.

3

Keep the details safe

You will need your UTR when dealing with HMRC and completing your return.

Self Assessment deadlines

31 Oct
Paper tax returns

Paper Self Assessment returns normally need to reach HMRC by this date.

31 Jan
Online tax returns

The normal deadline for submitting your Self Assessment online.

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Missing the deadline can cost you

Late tax returns can lead to penalties and interest charges, so give yourself enough time to prepare.

What you need before completing your return

Preparing your documents before starting can make completing your return much easier.

Documents to have ready

  • Your Unique Taxpayer Reference
  • Your National Insurance number
  • P60, P45 and P11D documents
  • Business income records
  • Receipts and allowable expenses
  • Property income records
  • Savings and investment statements

How to complete your Self Assessment

1

Gather your records

Collect details of income, expenses, investments and any other information relevant to the tax year.

2

Report your income

Enter the relevant income from employment, self-employment, property and investments.

3

Add your expenses

Include qualifying expenses and deductions that relate to your income or business activity.

4

Claim relevant reliefs

Include any allowances or tax reliefs you are entitled to claim.

5

Review and submit

Check the information carefully before submitting your return to HMRC.

What income might you need to report?

Income type Examples Useful records
Employment Salary and employment benefits P60, P45 and P11D documents
Self-employment Business and freelance income Income and expense records
Property Rental income Rental statements and allowable costs
Investments Interest and dividends Statements from banks or investment providers

Allowable expenses and tax reliefs

Depending on your circumstances, you may be able to reduce your taxable income by claiming qualifying expenses, allowances and reliefs.

£

Business expenses

Qualifying costs can include certain travel, equipment and business premises expenses.

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Pension contributions

Some pension contributions may qualify for tax relief.

Gift Aid

Eligible charitable donations can potentially affect your tax position.

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Tax allowances

You may qualify for allowances depending on your income and circumstances.

Keep accurate records

Keeping receipts, invoices and statements organised throughout the year can make your Self Assessment much easier to complete.

Paying your Self Assessment tax bill

HMRC provides several ways to pay your Self Assessment bill.

Payment method How it works
Bank transfer Pay HMRC directly from your bank account using the correct payment reference.
Direct Debit Set up a Direct Debit through HMRC where available.
Budget Payment Plan Make regular payments towards your future Self Assessment bill.
Online payment Pay using one of HMRC’s available online payment methods.

Income from abroad or working overseas

Your Self Assessment can become more complicated if you are non-resident, work abroad or receive income from another country.

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Your tax position can depend on residency

Where you live, where your income arises and your UK tax residence can all affect what needs to be reported.

Dealing with HMRC

HMRC may contact you by letter, email or through your online account. Make sure your contact information is kept up to date and read any communication carefully.

If you disagree with HMRC or believe something is incorrect, contact them as soon as possible. More complicated disputes may require professional tax advice.

Common Self Assessment mistakes

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Missing the deadline
Give yourself enough time to prepare and submit your return.
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Incorrect personal information
Check your name, address, UTR and other details before submitting.
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Poor record keeping
Keep receipts, invoices and financial records organised.
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Forgetting to budget for tax
Put money aside rather than waiting until the payment deadline.
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Missing available tax relief
Make sure you consider allowances and reliefs relevant to your circumstances.

Self Assessment FAQs

What is the SA100 form?
The SA100 is the main Self Assessment tax return used to provide HMRC with details about your income, expenses, tax reliefs and tax position.
Do I need to report self-employment income?
If you are required to complete Self Assessment, your relevant self-employment income and expenses will normally need to be included.
How is my tax calculated?
Your tax position depends on your taxable income, allowable expenses, reliefs and the relevant tax rates and thresholds.
What happens if I miss the deadline?
You may receive a late filing penalty and could face further charges depending on how late your return or payment is.
Can an accountant complete my Self Assessment?
Yes. An accountant can help prepare your figures, complete your return and deal with HMRC on your behalf where authorised.

Need help with your Self Assessment?

Get support from More Than Accountants with your tax return, bookkeeping and ongoing accounting.

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