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What you need to know about tax and your tax return, all in one place
Getting your head round your taxes and completing your Self Assessment doesn't need to be a chore. From the details on income tax and tax-deductible expenses to the deadlines you need to meet, we've got what you need know.
The self-employed need to fill in a Self Assessment tax return each year. It can seem complicated, but we've broken down the process to make it as stress-free as possible.
Download your free in-depth guide to completing your self-employed tax return. Why not save it and refer back to the guide when filling in your Self Assessment?
Payment on account is one of the most commonly misunderstood parts of the Self Assessment process. Read more about the 31 July deadline.
The self-employed can reduce their taxable income by deducting certain expenses. Find out what self-employed tax-deductible expenses you can claim.
You need to declare your self-employed income when filling in your Self Assessment tax return, but there are different tax rates depending on how much you earn.
Our guide to self-employed tax rates explains everything you need to know.
Some self-employed people with straightforward tax affairs can use the HMRC simplified expenses scheme, which lets you work out allowable business expenses based on standard flat rates set by HMRC.
Need to know when to pay your tax bill? Check the key Self Assessment deadlines, as well as other important tax year dates.
Struggling to pay your tax bill before 31 January? If so, you may be able to pay in instalments using HMRC's Time to Pay service.
If you make money from renting out your properties, you need to complete a tax return. Here’s how the Self Assessment process works for landlords.
When might you end up with a penalty from HMRC? And what excuses might HMRC accept when appealing? Check our list of HMRC penalty appeals and reasonable excuses.
We’ve outlined the main taxes small businesses need to pay below. But the specific taxes that apply to your business will depend on its structure, the products and services it offers, and its performance.
It’s also worth looking into business tax relief.
If you've got to grips with your tax but want to start a new business, we've got plenty of guides to help. From setting up a side hustle to passive income ideas, will you experiment with any of these?
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