Many people affected by the loan charge will be invited to settle for a reduced amount or even nil under the new settlement scheme. This page, which sets out our previous information about the loan charge, is therefore largely retained for information purposes. However, it may still be helpful to ...

If you were required to submit a Self Assessment tax return for a particular tax year to HMRC but you did not do so, HMRC may eventually send you a letter which sets out a ‘determination’ of the tax they think you owe for that tax year. If you failed to file more than one tax return you may get ...

If you are self-employed or a partner in a partnership, then you must keep adequate records of your business income and expenses in order to prepare accurate accounts for your annual tax return. This page explains what business records are and how long you need to keep them.If you must follow the ...

This page explains how you register as self-employed for income tax and National Insurance contributions (NIC) purposes.

Making Tax Digital for income tax is a new system for recording and reporting income and expenses for some people who are self-employed and/or receive property income, and for completing their annual tax return.

Registering for Self Assessment refers to the process by which you tell HMRC that you need to send a Self Assessment tax return, if you do not already do so. Once you have registered, HMRC issue you with a unique taxpayer reference (UTR), and send you a formal notice to file a tax return for a ...