A Simple Guide to UK Self Assessment

Self Assessment is the system HM Revenue and Customs (HMRC) uses to collect Income Tax. If you're self-employed or have other sources of income, you need to report it yourself each year.

Do you need to file a tax return?

You usually need to send a return if:

• You earned more than £1,000 from self-employment.
• You received income from renting out a property.
• You earned money from tips, commissions, or investments.
• You are a partner in a business partnership.

Important Dates to Remember

Missing deadlines can lead to penalties. Keep these dates in mind:

• 5 October: Deadline to register for Self Assessment.
• 31 January: Deadline to file your return online and pay your tax bill.

How SimbaX Makes it Easy

SimbaX takes the confusion out of tax season by:

• Replacing complex forms with simple, easy questions.
• Automatically calculating what you owe so you don't have to.
• Helping you find legal deductions to reduce your tax bill.
• Submitting your return directly to HMRC with one click.

Tax doesn't have to be taxing. With SimbaX, you can file with confidence in minutes.