Do I need to file a Self Assessment?

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Do I need to file a Self Assessment?

Category: Getting Started

You need to file a self assessment tax return if HMRC has asked you to, or if your income isn’t fully dealt with through PAYE. Common reasons:

  • You’re self-employed or a sole trader earning more than £1,000 a year (before expenses).

  • You’re a partner in a partnership.

  • You have rental income.

  • You receive significant dividends or investment income.

  • Your total income is over £100,000.

  • You have untaxed income (tips, online income, side gigs, crypto, etc).

If you’re unsure, we’ll review your situation and tell you if a self assessment tax return is needed.