Records you must keep. Keeping your pay and tax records. Paying your tax bill. The tax return system . Self Assessment is not a tax – it is a way of paying tax.
While nobodypaying income tax , the right approach to your tax return will . Includes filing, deadlines, pay and tax records. For latest guidance on coronavirus (COVID-19) for employers, businesses and the self -employed go to GOV. Jump to Who pays self - assessment tax ? Remember that filing and paying are two separate processes, filing your tax return on time does not mean . How to pay Self - Assessment Tax. Information about tax and tax compliance matters for the self employed including how to calculate and pay your tax and file your tax returns. Problems paying your tax ? Mar SELF ASSESSMENT tax returns are looming over everyone at this time of year, with the deadline normally being at the start of April.
Under PAYE, tax is deducted automatically from. But many have to file a self - assessment tax return. This is to calculate what you . There is no specification for the date of payment. It can be paid online . In the self - assessment system, tax is due to be paid on or before October each year.
Jul Late filing of self - assessment tax returns attracts an initial £1penalty, which applies even if there is no extra tax to pay or if the tax due is paid.