Published On: Thu, Oct 29th, 2020

HMRC warning: Government issues update on self-assessment deadline this week | Personal Finance | Finance

It must be done by self-employed sole traders with a turnover of over £1,000, those with an annual income of over £100,000, and employees claiming expenses in excess of £2,500, as well as other circumstances. 

Those completing a tax return for the first time will be required to register for self assessment on the HMRC website.

And for those who need longer than 12 months to pay a debt in full a Time to Pay arrangement may be able to be set up to provide assistance. 

HMRC’s Interim Director General of Customer Services, Karl Khan, commented on the upcoming deadlines.

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