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If you think you no longer need to complete a tax return, let HMRC know as soon as you can.
They will still expect a tax return otherwise.
If you are working in the Construction Industry, then call the CIS helpline (0300 200 3210) instead.
You can see more details on this HMRC page.
If you received a letter from HMRC, but you don’t think you need to file a tax return anymore, you should still contact them.
Three things can happen:
Then HMRC will continue to send you Self Assessment tax returns.
That’s not all: HMRC may also create an estimated tax bill for you.
This bill is legally due and can only be removed by filing a tax return – but only within 3 years.
In short, getting out of Self Assessment should be straightforward, but we know how it can quickly get complicated.
Our TaxScouts accountants can help.