As a business owner, you are responsible for sending reports about your annual earnings to HMRC. You also need to determine how much tax you must pay. This will be easier when you are being assisted by a qualified self-assessment accountant. Self-assessment is also called ‘tax return form,’ and it requires you to put the source of your earnings. You can file the self-assessment tax return online by January 31 after the tax year-end. You can also have it filed offline by October 31 after the tax year-end. Take note that the year of the tax is from April 6 to April 5 of the following year.
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