Registering for self assessment

25th September 2018

The deadline for registering for self assessment is 5 October for the 2017/18 tax year.

Anyone submitting a self assessment return for the first time – including higher income child benefit charge (HICBC) taxpayers – need to register by 5th October 2018 so that they can complete and file their return by 31st January 2019 and avoid an automatic £100 penalty for failure to file.

Individuals need to complete and file a tax return if they:

  • earn more than £2,500 from renting out property;
  • have a partner who receives child benefit and either has an annual income of more than £50,000, the so-called higher income child benefit charge;
  • earned more than £2,500 in other untaxed income, for example from tips or commission;
  • are self-employed sole traders;
  • are limited company directors;
  • are shareholders;
  • employees claiming expenses in excess of £2,500 per tax year; or
  • have an annual income over £100,000.

The deadline for self assessment returns 2017-2018 is 31 January 2019.



 
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