Self-Assessment

No – but you will need to submit your paper return for 2021/22 by 31st October 2022, if you wish avoid a late filing penalty. If you submit your tax return on paper, HMRC will normally calculate your tax for you if you tick the relevant box on the tax return.

If you receive a tax return you have to complete it, even if you are an employee and pay all your tax through PAYE.

You must notify HMRC within 6 months following the end of the tax year (5 October) that you need to complete a tax return. This is to ensure that HMRC has enough time to issue a tax return to you and for you to complete and submit it to HMRC. Failure to notify the HMRC by this date will result in a £100 penalty.

Tax Returns are issued directly to your home address on 6 April of each year. HMRC can also issue tax returns part way through the year where they become aware that one is required.

A self-assessment tax return is normally required to be submitted to HMRC by any individual who falls into one or more on the following list:

Self-assessment is a method of collecting tax with the idea being that you are responsible for completing a tax return each year if you need to and for paying any tax due for that tax year. It is your responsibility to tell HM Revenue & Customs (HMRC) if you think you need to complete a tax return.

You are required to report your Plld information as benefits of employment on your self-assessment return, therefore there may be additional tax to pay.

Possibly. You should complete the statutory residency test (SRT) tests questions to check your residency status and make sure.

There are three elements to the statutory residency tests: the ‘automatic overseas tests’, the ‘automatic UK tests’ and the ‘sufficient ties tests’.

Your residency position is worked out using the ‘statutory residency’ tests devised by HMRC.