HMRC Self Assessment Tax Return, Filing Deadline, Eligibility, How to file?

HMRC Self Assessment Tax Return

The majority of online 2022–2023 self assessment tax returns must be submitted to HMRC by January 31, 2024together with the associated tax payment. If you are subject to this deadline, make sure you pay any taxes owed by deadline, and complete your online tax return for 2022–2023 to avoid fines and interest.

HMRC Self Assessment Tax Return

There are just a few days left until the deadline if you’re one of the millions of taxpayers who haven’t submitted your online self-assessment tax return or paid the overdue amount. Here’s what you should do to avoid paying a £100 fine plus 7.75% interest.

You have until Wednesday, January 31, 2024, at 11:59 p.m. to submit an online tax return to HMRC for the tax year 2022–2023, which concluded on April 5, 2023. If you need to make payments toward your tax burden, you have the same deadline.

Only two days remain until 3.8 million individuals file, according to HM Revenue and Customs’ most recent tally. You’re not the only one who hasn’t started, but you should do it right now to ensure that you don’t incur any late filing or payment penalties.

The procedure for declaring and paying taxes due on untaxed income is called self-assessment. In the event that you have a job, your employer will withhold any taxes (income tax and national insurance) before paying you. This is sometimes referred to as being taxed at source, or PAYE (pay as you earn).

It may be necessary for you to file a tax return if you have any additional income that hasn’t been taxed yet. In the event that your employer does not withhold taxes or National Insurance, you might need to file a Self-Assessment tax return.

HMRC Self Assessment Tax Return Eligibility

If any of the following described you in the tax year 2022–2023, you will have to file a tax return:

  • You were a foreign worker or a resident of another country with a UK income.
  • You received more than £2,500 in tips or commissions, or from other untaxed sources of income, such property rentals.
  • You made over £1000 each year working for yourself or from any sources and You got money from a trust.
  • Before taxes, the total amount you received from dividends, shares, savings, and investments was £10,000.
  • Your only source of income, unless you began receiving your pension on or after 6 April 2016, was your state pension, which was greater than your personal allowance.
  • When you or your spouse earned more than £50,000 annually, you made a claim for Child Benefit.
  • Your taxable income exceeded £100,000 in total.
  • You were self-employed and earning less than £1,000 but you still want to pay ‘class 2’ national insurance contributions voluntarily to protect your entitlement to the state pension and certain benefits.
  • You were notified by HMRC that you failed to pay enough taxes in the previous year (and you haven’t made up the difference by voluntary contributions or through your tax code).

HMRC Self Assessment Tax Return

How to submit your HMRC Self Assessment Tax Return?

The first step for anyone new to self-assessment is to register with HMRC. You must obtain a Unique Taxpayer Reference (UTR), which may take up to 10 working days to arrive by mail, so you must do this as soon as possible.

After registering, you could have quicker access to your UTR via your online HMRC account or the HMRC app. Technically, the registration deadline was October 5, 2023; nevertheless, it could already be too late for you to receive your UTR in time to submit by January 31.

In any case, though, you still need to register in order to submit your return, so don’t put it off. Those who have received their UTR can file through the given below method.

  • Navigate to the and here you have to check and gather all the requirements first.
  • Here you may find a “sign in” button, hit it and put your Unique Taxpayer Reference (UTR) number.
  • Then you need to put all the information one by one carefully such as Your Self-Employment details, P60 or P45, records of income, etc and attach all the requested documents.
  • Lastly, double check all the information and documents and hit “submit.

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