Self Assessment Manual Guide
· WOWERI
This guide will help you understand the Self Assessment process. It includes information on registration, filing returns, and paying taxes.
Introduction to Self Assessment
Self Assessment is a process that allows individuals and companies to report their income and pay taxes. This guide is based on the Self Assessment Manual from HMRC.
Step 1: Registration
To start the Self Assessment process, you need to register with HMRC. This can be done online or by post.
Step 2: Filing a Return
After registration, you need to file a tax return. This can be done online or by post.
Step 3: Paying Taxes
After filing a return, you need to pay taxes. This can be done online, by post, or through a bank.
What to do next
Source: gov.uk