Register for self assessment by 5 October
There are a couple of tax deadlines coming up. The first is 5 October which is the date by when you need to register for self-assessment.
You’ll need to do this if you didn’t file self assessment return last year, and you have income in the year to 5 April. There are some special circumstances, but broadly this includes:
- Self-employment income (ie into your own account, not through a company)
- Property income including through Airbnb
- Investment income above £10k (including dividends from your own company)
- Total income above £100k
There is a simple way to check on the HMRC website here.
if you need to register and have never sent in a tax return:
The other deadline is 31 October which is the deadline for submitting paper forms. Which about half a million people still do, apparently. But not you, because you’re going to sign up to use untied.
Sign up to use untied here: