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Glossary · Tax

Self Assessment

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Definition: HMRC's system for collecting Income Tax from people whose tax cannot be fully collected through PAYE — including the self-employed, landlords, and high earners.

Register by 5 October after the tax year you become liable. Online filing deadline is 31 January; paper deadline is 31 October. Payments on account may be due in two instalments (31 January and 31 July).

Primary source: gov.uk/self-assessment-tax-returns

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