What are the tax return penalties?
If you are self-employed, a director or partner in a business, or you are the trustee of an estate, you will need to complete a self-assessment tax return and ensure that you pay it on time. Your tax return should be completed by the 31st January 2022. You may also need to complete a tax…
Do I have to file a self-assessment tax return? – 2025/2026
The UK tax system operates on a “Pay As You Earn” (PAYE) basis, where income tax and National Insurance contributions are automatically deducted from wages and pensions. This means that a significant portion of the population doesn’t need to actively engage with the tax authorities beyond receiving their payslips. However, for others, the responsibility of…
