Self-Assessment is a process for HM Revenue and Customs (HMRC) that uses to collect Income Tax from individuals.
Tax is usually deducted automatically from wages, pensions, and savings. People and businesses with other income must report it in a self-assessment tax return. You must send a tax return if, in the last tax year (6 April to 5 April), you were:
You will not usually need to send a return if your only income is from your wages or pension. But you may need to send one if you have any other untaxed income, such as:
Please contact Priority Accountancy to assists with followings: