Many people are required by HMRC to fill in a self-assessment tax return. If you need help completing your return or require advice on how to effectively reduce your personal tax liability, we can help make the process as efficient and easy as possible. Completing a self-assessment return involves reporting your personal earnings for the relevant tax year (including dividends) and filing your return by the 31st January deadline following the end of the relevant tax year. Missing the deadline will land you with an instant £100 late penalty and further penalties the longer you wait to file so don’t delay. HMRC issues Notifications to File Returns on a yearly basis to those they believe need to submit a Return. If you fall within the categories of self-assessment, it is your responsibility to report your earnings to HMRC via self-assessment.