Do I need to register for self assessment?
This short guide covers whether you need to register for the self assessment tax service with HMRC.
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When you may need to register for self assessment:
- your self-employment income was more than £1,000 (before taking off anything you can claim tax relief on)
- you’re a partner in a business partnership
- your income from renting out property was more than £2,500 (you’ll need to contact HMRC if it was between £1,000 and £2,500)
- you earned more than £2,500 in untaxed income, for example from tips or commission
- your income from savings or investments was £10,000 or more before tax
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- you need to pay Capital Gains Tax on profits from selling things like shares or a second home
- you’re a director of a company (unless it was a non-profit organisation, such as a charity)
- you, or your partner’s, income was over £50,000 and you’re claiming Child Benefit
- you have income from abroad that you need to pay tax on, or you live abroad but have an income in the UK
- your taxable income was over £100,000
- if you earn over £50,000 in the 2021/22 tax year and make pension contributions you might have to complete an assessment to claim back the extra tax relief you’re owed
- you’re a trustee of a trust or registered pension scheme
- your State Pension was your only source of income and was more than your personal allowance
- you received a P800 from HMRC saying you didn’t pay enough tax last year.
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How to register for self assessment with HMRC
There are different ways to register for self assessment, if you’re self-employed, not self-employed but need to declare income, or if you’re in a business partnership.
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