Self Employment Tax Return UK
Becoming self-employed in the UK comes with many benefits, such as flexibility and independence. However, it also means taking responsibility for your taxes. Filing a Self Assessment tax return is a crucial part of being self-employed, and failing to do so correctly can lead to penalties from HM Revenue & Customs (HMRC).
This comprehensive guide about self-employment tax returns in the UK, including:
Who needs to file a tax return?
- Who needs to file a tax return?
- Key deadlines and penalties
- How to register as self-employed
- What expenses you can claim
- How to calculate your tax and National Insurance
- Step-by-step guide to filing your return
- Common mistakes to avoid
