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What is self assessment?

Self Assessment enables the individual, partnership or company to prepare details of their income and any relief available on behalf of HMRC. HMRC will calculate the tax liability based on the information you provide and this information will be checked at a later time.
Tax law is vast and confusing to many people so it is always best to instruct an accountant to prepare the information on your behalf. This will ensure that you do not pay too much or too little tax. HMRC can impose penalties for incorrect or fraudulent information.
The Self Assessment Tax Return was issued in 1997 and is made up of a basic core return together with supplementary pages. These supplementary pages depend upon the types of income you receive and your particular circumstances.


The content and advice is for information only. Last updated 27.07.2009.

For up to date information and advice, based on your specific circumstances, please contact us.

We cannot be held responsible for actions taken with reference to the content contained on this website.


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