Registering for Self-Assessment Income Tax
HM Revenue and Customs require certain individuals to register for self-assessment and complete an annual Income Tax Return each year.
If any individual meets any of the criteria listed below, they will need to register with the tax authorities and complete an annual Tax Return.
- You work for yourself as a self-employed individual
- You are working as a partner in a partnership
- You have income of over £50,000 per annum and are claiming child benefit
- You have income of over £100,000 per annum
- You receive income from land and property
- You receive more than £10,000 per annum from interest or dividends
- You need to pay Capital Gains Tax on disposals of land, property, shares or other applicable items
- You hold a position of a religious minister, a Lloyds underwriter, an examiner, exam moderator or invigilator, or a share fisherman
This link below explains the different registration options depending on which of the above criteria you meet
Once HM Revenue and Customs have processed the registration, they will issue a letter to the taxpayer confirming their unique taxpayer reference (UTR) which is the reference all Tax Returns will then be filed under.