Self-Assessment
Here we explain how you will need to complete your Self-Assessment
. This is a form you submit to declare your total income in any given tax year (e.g. your Salary Income, Dividend Income, Interest Income, Income from other sources).
Completing your self-assessment
At the end of each tax year, every income earning citizen has to complete an individual tax self-assessment
form. This tells HMRC how much personal tax you need to personally pay to the Government from any and all personal sources of income.
Such sources could include:
- Salary received as an employee, from your company
- Dividend you may have paid yourself as a company shareholder
- Dividends from other companies you maybe a shareholder of
- Interest Income from any bank savings accounts
- Any other sources of Income (e.g. Rental Income, Royalty Income, etc.)
Records you will need to keep
Tax Document 9:
- Annual Individual Self-Assessment Return
Note: This form can be completed and filed online, at HMRC’s website.
More Information
More about Self-Assessments
, and how and when to complete one, can be found here:
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