As we approach the October deadline, it’s important for self-employed individuals, landlords, company directors, and anyone with additional untaxed income to get ready for their Self-Assessment tax return. Missing deadlines can lead to penalties, so staying informed and prepared is key.
Who Needs to File a Self-Assessment?
You must file a return if:
You’re self-employed and earned over £1,000 (before expenses).
You’re a company director with untaxed income.
You receive rental income as a landlord.
You have additional untaxed income, such as dividends, foreign income, or side hustle earnings.
Key Deadlines to Remember
- 5 October 2025 – Register for Self-Assessment if it’s your first time.
- 31 October 2025 – Deadline for paper tax returns.
- 31 January 2026 – Deadline for online tax returns and payment.
What You’ll Need to File
To make the process smoother, have the following ready:
- Your Unique Taxpayer Reference (UTR) and National Insurance number.
- Records of income (self-employed, rental, dividends, etc.).
- Records of allowable expenses (travel, office, professional fees, etc.).
- P60, P45, or payslips if you’re employed alongside self-employment.
- Bank interest statements and any other income details.
Why It Matters
Filing your Self-Assessment correctly ensures you:
- Stay compliant with HMRC.
- Avoid late filing penalties.
- Claim all the allowances and reliefs you’re entitled to (like mileage, trading allowance, or home office expenses).
At KAF Advisory, we make Self-Assessment simple.
If you’re unsure what applies to you or need support with filing, reach out today and let’s get your tax return sorted before the deadline.
Contact us: contact@kafadvisory.co.uk
www.kafadvisory.co.uk