HMRC self-assessment reminder
HMRC is reminding you that if you are self-employed, you are responsible for reporting your income to HMRC, via self-assessment. You must register by 5 October in the second tax year of your business. You can find more information about registering for self-assessment at www.gov.uk/register-for-self-assessment
If you were self-employed in the 2021/22 tax year, the deadline for your second income tax payment on account is coming up. You must make your second income tax payment by 31 July 2022.
HMRC wants to help you get this right and will send you a statement of account to tell you how much you should pay. Alternatively, you may be able to check your amount due via your Personal or Business Tax Account or by calling HMRC’s Self Assessment Helpline. You can find out more information about your income tax bill or payment on account at www.gov.uk/pay-self-assessment-tax-bill
Not reporting your income through self-assessment or not making your income tax payments on time could lead to HMRC imposing interest charges and penalties.