A method used to do personal tax returns in the United Kingdom. When you have untaxed income, you must declare it to HMRC yourself, and all income/expenses need to be detailed and profit needs to be taxed.
These all need to be detailed on a self assessment.
A tax year runs from 6th April - 5th April and your tax return needs to be paid by 31st January of the following year. It can be paid using an online tax return service, an accountant or by yourself.
Things to note:
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