Self-Assessment for Individuals

by Sarah Laing

Revised and up to date for 2021/22. Self-assessment for individuals affects a lot of people, so it is a hugely important area of taxation. This course provides a detailed overview of self-assessment for individuals.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Explore the key issues of self-assessment (SA) - focusing on what it is, who it affects, timescales and deadlines, and various statutory record-keeping requirements
  • Understand the format of SA returns and various claims and elections that may be required
  • Gain knowledge on additional compliance and reporting issues faced by the self-employed
  • Register for HMRC’s online services
  • Understand HMRC’s enquiries and investigations procedures and learn to negotiate satisfactory outcomes

About the course

Self-assessment (SA) for individuals is a hugely important area of taxation as it affects so many people. HMRC issue and receive around 12million tax returns each year. The penalties for non-compliance are severe and can prove to be very costly.

This course identifies and explains the main principles and practice underlying the UK's SA tax system for individuals. You will get to grips with how the system works and the issues that may need to be addressed. By the end of the course, you will have a good understanding of the basic SA system for individuals.

The course is relevant to any finance professional in business and industry who is involved in personal tax. It also appeals to staff in accountancy and/or tax practices, who need to gain an understanding of the basic principles of self-assessment.

This course has been revised and is up to date for 2021/22.

Look inside

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Contents

  • Key issues of self-assessment
    • Defining self-assessment
    • Processing returns
    • Individuals affected by self-assessment
    • Timescales and deadlines
    • Record-keeping requirements
  • Individuals and employees
    • Employees and self-assessment
    • Tax returns and responsibility
    • Pension contributions
    • Making claims for gift aid
    • Marriage allowance claims
    • Paying tax as an individual
    • Late payments and penalties
    • Proposed penalties
  • The self-employed
    • Registering for taxable profits
    • Understanding trading allowance
    • Choosing the tax basis
    • Recording payments on account
  • Other matters affecting self-assessment
    • Registering online
    • Enquiries and investigations
    • Closure notices
    • Making a settlement
    • Making tax digital

Author

Sarah Laing

Sarah Laing is a Chartered Tax Adviser. Writing professionally since 1998, she joined CCH Editions as a Senior Technical Editor. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars.

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