How To Register For Self Assessment - UK Tax

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  • Опубліковано 30 тра 2024
  • If you're self employed, running a business or you have income that needs reporting to HMRC then this video explains how to register yourself for self assessment tax. I also cover common reasons for self assessment registration and provides access to our simple UTR registration form.
    To register for self-assessment (UTR/CIS) click here: bit.ly/utr-number
    If you need help with your Tax Return click here bit.ly/cis-rebate

КОМЕНТАРІ • 16

  • @JenC-tt9vg
    @JenC-tt9vg 8 місяців тому +1

    Hi, i am not working but have a residential property to let out. I have started receiving rental income since Feb 2023. Total rental income for tax year 2022/2023 was GBP3500 and after allowable expenses GBP980. May i know if i need to do the self assessment? The property allowance of GBP1000 is gross or after expenses income? Thanks.

    • @tax2ulimited
      @tax2ulimited  8 місяців тому

      great question, it is the gross income, if your gross income for a tax year is more than £1,000, you must register for Self Assessment by 5 October in the following tax year. Here is the link if you do not have a UTR umber yet www.tax2u.co.uk/utr/utr-number

    • @JenC-tt9vg
      @JenC-tt9vg 8 місяців тому

      @@tax2ulimited Thanks. I registered and got my UTR number. When i logged into gateway account and did the questions under the link "check if you need to fill in a tax return", it said i do not need to send.a self assessment tax return. I believe it is due to my gross property income (GBP3500) and income after allowable expenses (GBP980) do not meet the threshold of GPB10,000 and GBP2,500 respectively. If so, may i know if i need to do anything? Or is it still good to file a tax return anyway? Appreciate for your advice. Thanks.

  • @gaystronaut1466
    @gaystronaut1466 8 місяців тому

    Hi, so I only worked self employed for 1 month last September and earned less than £900, in this case I wouldn’t need to register for self assessment or file a tax return? I’m just wanting to double check 🤔

    • @tax2ulimited
      @tax2ulimited  8 місяців тому

      Correct you do not have to register according to HMRC. Only if you were self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on) www.gov.uk/self-assessment-tax-returns/who-must-send-a-tax-return

  • @user-yq9yw2pz1k
    @user-yq9yw2pz1k 9 місяців тому +1

    Hi, I am a doctor and I have additional income of more than £2500 apart from salary. What do I register myself as for self assessment?

    • @tax2ulimited
      @tax2ulimited  8 місяців тому

      Thank you for your question, here is the link to help you register for Self Assessment bit.ly/utr-number
      if you have further questions please email us at info@tax2u.co.uk

  • @sukhpreetsingh9534
    @sukhpreetsingh9534 7 місяців тому

    Hi.. i want to start my new job as a taxi driver.. i need self assessment.. i tried to make HMRC tax account.. but it cannot identify me.. how can i sort it out??

    • @tax2ulimited
      @tax2ulimited  7 місяців тому

      Identification is part of the process in this 2023 Year that we all live now. We can help you start the Self Assessment Registration to get your UTR number from HMRC here www.tax2u.co.uk/utr/utr-number

  • @thunderfilms5704
    @thunderfilms5704 5 місяців тому

    Hi ive recently turned self employed at the start of December this year as a reseller and am aiming to earn over 1000 by January. Do i declare this after the 5th of april 2024 if i was to earn over 1000 by then or as soon as i earn over 1000

    • @tax2ulimited
      @tax2ulimited  4 місяці тому

      You would only be able to submit and declare your Tax Return after 5th April 2024 (that is for 2023-24 Tax Year). If you need our help or have a specific question, just sends us an email to info@tax2u.co.uk and we can provide a competitive price and help you with your specific situation.

  • @madmanmenacetv2761
    @madmanmenacetv2761 8 місяців тому

    Hi, I have a UTR number, but I’ve been told to activate it, please any help, kind regards 👍🏼

    • @tax2ulimited
      @tax2ulimited  8 місяців тому

      It depends it you work as Self Employed in Construction Industry or not. If you want to work under Construction Industry, yes you will need to activated. If you’re a sole trader and you already have a UTR, you can register for CIS online www.gov.uk/what-you-must-do-as-a-cis-subcontractor/how-to-register . If you do not work Construction Industry ... you do not have to activated your UTR as CIS.

  • @LeesTechRoom
    @LeesTechRoom 9 місяців тому +1

    Do I need to register as self employed, being a UA-camr? My extra income is more than £1000

    • @tax2ulimited
      @tax2ulimited  8 місяців тому

      Hi yes you do, here is the link bit.ly/utr-number if you want us to help you register as Self Employed

    • @maggieleung6002
      @maggieleung6002 8 місяців тому

      Hi just glad I come across your channel. I am a resident here but have never worked in the Uk and I am unemployed. I think i have to pay tax this year because of the increase of savings interest. Don’t know how to do the self assessment. Most UA-cam channels teach how to register tax self assessment for self-employment. Quite distressed here. Ask for your kind assistance please 🙏