Elyse Burns-Hill - Self Assessment Secrets

Elyse Burns-Hill - Self Assessment Secrets Elyse Burns-Hill shares everything you need to know for Self Assessment Personal Tax in England. ElyseBH Consulting Ltd

23/04/2023

If your tax bill is more than £1000 from sources outside of PAYE, you will be asked to pay 150% of your tax bill by 31 Jan, and 50% by following 31 Jul. You could make earlier payment on account, or do your return early so you have time to save.

22/04/2023

For your HMRC Personal Tax Return, don't forget to include any income you earn from other sources, such as investments or rental income. If you don't you could end up being investigated, which sometimes results in penalties.

21/04/2023

Make sure you register for self-assessment with HMRC if you haven't already. You'll need to do this to file your tax return each year.

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