Self-assessment tax is a crucial aspect of financial responsibility for many individuals, particularly those with self-employment income or additional revenue sources. Here's a quick rundown: What is Self-Assessment Tax? It's a system used by HM Revenue & Customs (HMRC) in the UK for individuals to report their income, gains, and calculate tax owed. Who Does it Apply to? Self-employed, sole traders, partners in business, company directors, landlords, and those with untaxed income. Key Dates: Remember October 5th for new registrations, October 31st (paper) or January 31st (online) for filing, and January 31st for tax payment. Self-assessment tax might seem daunting, but with awareness of deadlines and a clear understanding of what's required, it can be managed effectively. https://pensionbox.in/blog/What-is-self-assessment-tax-