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Self-Assessment Tax Return

  • How to Sign Up for MTD for Income Tax (ITSA)

    MTD for Income Tax has been introduced by HM Revenue & Customs (HMRC) and requires eligible self-employed individuals and landlords to keep digital records and submit updates using approved software. To know in detail about MTD ITSA read this blog Making Tax Digital (MTD) for income tax self-assessment Step 1: Check That You Need to…

  • When Can I Claim a CIS Refund?

    If you work under the Construction Industry Scheme (CIS), there is a strong chance you have paid more tax than you owe. Under CIS, contractors deduct tax from your pay before it reaches you, often without considering your full personal allowance or allowable expenses. A CIS refund lets you reclaim this overpaid tax. Understanding when…

  • A Complete Guide to UK Self-Assessment Tax Return Forms

    (SA100, SA101,SA102, SA103, SA104, SA105, SA106, SA107, SA108 & SA109) If you are preparing your UK Self-Assessment tax return, it is essential to understand the various forms required by HMRC. Each form relates to a specific type of income or tax circumstance. Selecting the correct forms ensures your return is accurate and fully compliant with…

  • Making Tax Digital (MTD) for income tax self-assessment

    What is MTD for Income Tax Self-Assessment? Making Tax Digital (MTD) for Income Tax is a new method for submitting a summary of your income and expenses to HMRC. Who will MTD for Income Tax apply to? MTD will be mandatory only for individuals who meet the specified threshold. What are the Thresholds for MTD?…

  • Important Deadlines for Self-Assessment Tax  Return for Individuals

    A UK tax year runs from 6 April to the following 5 April. The last tax year started on 6 April 2023 and ended on 5 April 2024. When we talk about important dates for tax, these include the dates ‘during the tax year’ or ‘following the end of the tax year’. HM Revenue and…