Self assessment

Self-assessment was introduced in 1997 for people who have complex tax arrangements. These include the self-employed, business partners, company directors and people who pay tax at higher rates (40 per cent).

It is designed to make it easier for people who would otherwise have to fill in numerous tax return forms or who pay different levels of tax on incomes from different sources.

If you're eligible for self-assessment, you need to apply to the Inland Revenue to receive your paperwork at the end of the tax year. Self-assessment taxpayers get an eight-page tax return form and a guide on how to complete it.

Fill out your tax return online.

More taxation advice.