UK: 2023/24 UK self-assessment registration deadline is approaching

Individuals who are required to complete a self-assessment tax return for the first time must notify HMRC by 5th October 2024.

Those required to register for self-assessment includes anyone who:

• is self-employed or a sole trader in a business which commenced in 2023/24,

• received untaxed income over £2,500 in 2023/24, or

• became a partner in a partnership or any new partnership which commenced in business in 2023/24. 

  
  

Failure to register by the deadline can result in HMRC charging a penalty.

Our team at Farrell & Farrell are happy to help.  Please contact us at info@farrellca.com or 028 406 30876.

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