Self Assessment

You may be required to submit a self-assessment if you need to report income, gains and other financial details to HMRC.

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Common reasons why you might need to submit a self-assessment include:

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• Self-employment, if you are self-employed or a sole trader, you are responsible for reporting your business income, expenses and profits

• Additional income, if you have additional sources of income outside of your regular employment, such as rental income or dividends, you need to declare these on your self-assessment.

• High income, individuals with income over £100k need to declare these on a self-assessment.

• Company director

• You have a large amount of savings

• Overseas income

• Capital gains

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