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Self Assessment tax returns

Small business owners looking at a digital device

Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax.

Tax is usually deducted automatically from wages and pensions. People and businesses with other income must report it in a Self Assessment tax return.

The last tax year started on 6 April 2023 and ended on 5 April 2024.

Deadline for submitting an online return: If you’re doing an online tax return, you must submit it by midnight 31 January 2025.

Deadlines for paying tax you owe: You need to pay the tax you owe by midnight 31 January 2025.

There’s usually a second payment deadline of 31 July if you make advance payments towards your bill (known as ‘payments on account’).

You’ll usually pay a penalty if you’re late. You can appeal against a penalty if you have a reasonable excuse.

HMRC’s YouTube channel offers short videos to help you with your tax return including 'How do I tailor my Self Assessment tax return'.

For further information please select the following link: Self Assessment tax returns: Overview - GOV.UK


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