Time to register for self-assessment, says HMRC

HMRC is reminding anyone new to self-assessment for the 2022/23 tax year that they have just two weeks until the registration deadline on 5 October.

If an individual has any income that they have not already paid UK tax on, they need to register for self-assessment by law. This can include someone who has started making money from a side hustle or those receiving rental income.

Customers can use HMRC's online checking tool to determine whether they need to complete a self-assessment tax return.

If customers are eligible, it's time to register for self-assessment. The deadline for customers to file their tax return online and pay any tax owed for 2022/23 is 31 January 2024.

Myrtle Lloyd, HMRC's director general for customer services, said:

"If you are new to self-assessment and unsure how the process works - HMRC is here to help.

"We have a wealth of resources and guidance available on GOV.UK to help customers register, sign up to the online services and complete their tax return."

If customers think they no longer need to complete a self-assessment tax return for the 2022/23 tax year, they should tell HMRC before the deadline on 31 January 2024 to avoid any penalties or needing to complete a tax return.

Talk to us about your self-assessment tax return.

 

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