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You can make filing your taxes much easier by avoiding these common Self Assessment mistakes:
You need a UTR number for your Self Assessment.
It takes weeks to get it, so don’t wait until the last minute.
If you’re not sure about the deadlines, check our post on the UK tax year dates here.
There are many ways to reduce your tax bill.
HMRC may ask you to pay this year’s bill and also a “Payment on Account.”
Your first January payment could be 50% bigger than you think.
If you’re self-employed, remember that payments on account are charged at the end of January and the end of July.
If you are under the wrong tax code, you could be paying too much tax.
Check our post on what your tax code means and how to find it.
If there’s a mistake, call HMRC as soon as possible.
If you have a full-time job besides being self-employed, you need to let HMRC know so you don’t pay extra tax.
You need to record this on the Employment pages of your tax return.
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