Sunday, June 16, 2024

New to self-assessment for tax? You have two weeks to register

HM Revenue and Customs is reminding anyone who is new to Self Assessment for the 2022 to 2023 tax year that they have just two weeks until 5 October to tell HMRC and register.

New Self Assessment customers could be someone who has set up a side hustle to earn money in addition to their PAYE job or disposed of cryptoassets, says HMRC; they may be newly self-employed or a new landlord renting out property. Whatever the circumstances, if a customer has any income that they have not already paid UK tax on, they need to register for Self Assessment.

Customers can use HMRC’s online checking tool on GOV.UK to quickly assess whether they will need to complete a tax return. And they can use the step-by-step guide to check what they need to do to file their first Self Assessment tax return.

Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “If you are new to Self Assessment and unsure how the process works – HMRC is here to help. We have a wealth of resources and guidance available on GOV.UK to help customers register, sign up to the online services and complete their tax return. We want to help customers get their tax right first time, just search ‘Self Assessment’ on GOV.UK to find out more.”

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