UK Tax Return for Self-Employed & High Earners
/ What is this form?
Self Assessment is how HMRC collects income tax that cannot be deducted at source through PAYE. You file a tax return each year for the previous tax year (April 6 to April 5), reporting all income, claiming expenses and reliefs, and paying any tax owed.
The deadline for online filing is January 31. Paper returns have an earlier deadline of October 31. A £100 automatic penalty applies for late filing, increasing with time.
Payments on Account — advance payments towards next year's tax — may also be required if your tax bill exceeds £1,000.
/ Who needs this form?
/ What you need before you start
/ Step-by-step guide
/ Key fields explained
| Field | What to enter | Common mistake |
|---|---|---|
| Total income | All income from all sources: self-employment, employment, rental, savings interest, and dividends. | Forgetting to include all income sources — HMRC cross-checks with banks, employers, and pension providers. |
/ Common mistakes to avoid
/ Frequently asked questions
Only if you have untaxed income over £1,000, earn over £100,000, have income from property, are a company director, or have received a notice to file from HMRC.